Matt Huang, the co-founder of one of crypto’s largest venture capital firms said they “deeply regret” investing in FTX.
“We never traded on FTX and did not have any assets on the exchange. We have never been investors in related tokens such as FTT, SRM, MAPS, or OXY.”Since posting the tweet, a number of Twitter users challenged whether the firm did enough due diligence prior to investing in FTX.
you guys made a bad bet. you didn’t do your due diligence. and your endorsement led others to believe in & support the fraud that was SBF/FTXbut i respect taking the L and publicly owning up to it.
“Obviously, they’re smart in one aspect, but they’re running a $32 billion company is very different than, you know, when you manage a small company,” he added.
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