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Sequoia Capital marks down entire $214M FTX stake to zero

The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Sequoia Capital marks down entire $214M FTX stake to zero

The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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