Venture capital giant Sequoia, which wrote off the entirety of its $150 million investment in FTX this week, justified its investment in the company by citing FTX’s strong 2021 financials. The venture fund touted FTX’s $1 billion in revenues and $250 million in operating income as evidence of the company’s legitimacy, both figures CoinDesk’s leaked Prager Metis reports corroborate.
Meet the Metaverse Night Club–Loving Audit Firm That Presided Over FTX’s Financials
