{"id":7797,"date":"2022-11-10T12:37:44","date_gmt":"2022-11-10T11:37:44","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/11\/10\/cryptocurrency-exchange-ftx-now-worthless-says-key-investor\/"},"modified":"2022-11-10T12:37:44","modified_gmt":"2022-11-10T11:37:44","slug":"cryptocurrency-exchange-ftx-now-worthless-says-key-investor","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/10\/cryptocurrency-exchange-ftx-now-worthless-says-key-investor\/","title":{"rendered":"Cryptocurrency exchange FTX now worthless, says key investor"},"content":{"rendered":"<p>Firm once valued at $25bn in 2021 suffered bank run-style crisis as investors rushed to withdraw money <\/p>\n<p>FTX, once the second-largest cryptocurrency exchange in the world, is now worthless, according to one of the company\u2019s early investors.<\/p>\n<p>In a note to partners, venture capital firm Sequoia announced it had written down its investment in FTX, worth $150m (\u00a3130m), to nothing.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/10\/cryptocurrency-exchange-ftx-now-worthless-says-key-investor\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/c966cad62ab241d7336ffc8b856a586fb03265d8\/29_29_4873_2923\/master\/4873.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=90db0b3f7c49b89a027daf4885b10106\" title=\"Cryptocurrency exchange FTX now worthless, says key investor\" \/>Firm once valued at $25bn in 2021 suffered bank run-style crisis as investors rushed to withdraw money<br \/>\nFTX, once the second-largest cryptocurrency exchange in the world, is now worthless, according to one of the company\u2019s early investors.<br \/>\nIn a note to partners, venture capital firm Sequoia announced it had written down its investment in FTX, worth $150m (\u00a3130m), to nothing. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Firm once valued at $25bn in 2021 suffered bank run-style crisis as investors rushed to withdraw money FTX, once the second-largest cryptocurrency exchange in the world, is now worthless, according to one of the company\u2019s early investors. In a note to partners, venture capital firm Sequoia announced it had written down its investment in FTX, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/11\/10\/cryptocurrency-exchange-ftx-now-worthless-says-key-investor\/\"> <span class=\"screen-reader-text\">Cryptocurrency exchange FTX now worthless, says key investor<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":7798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7797"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7797"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7798"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7797"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}