#sequoia

3:21am, 9th August, 2023

Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abating” FTX fraud

The lawsuit alleged that the VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain.

Sequoia partner says investing in FTX was the right move: Report

2:13pm, 23rd June, 2023

Crypto Wiki

Sequoia partner says investing in FTX was the right move: Report

Sequoia’s Alfred Lin stood up for the firm’s $213.5 million investment in the now-bankrupt crypto exchange FTX.

Sequoia Capital announces three-way split to separate China business

12:24pm, 6th June, 2023

Crypto Wiki

Sequoia Capital announces three-way split to separate China business

One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches.

Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi

7:01am, 9th March, 2023

Crypto Wiki

Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi

The investment branch of FTX, Alameda Research, reached an agreement to sell its interest in Sequoia Capital for $45 million in cash to the Abu Dhabi sovereign wealth fund.

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

12:46am, 10th November, 2022

Crypto Wiki

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.

Binance, Sequoia still backing Elon Musk’s bid for Twitter

2:14am, 11th October, 2022

Crypto Wiki

Binance, Sequoia still backing Elon Musk’s bid for Twitter

The Twitter deal is back on this month, and Binance confirmed to Cointelegraph that it intends to support the deal as part of its push for Web3 adoption.