Tech
The FTX incident highlights flaws such as the fact that Sequoia did not have access to Alameda’s balance sheet despite its due diligence and investors did not claim a seat on the board. Bloomberg)
Bloomberg:
FTX’s collapse highlights flaws like Sequoia’s lack of access to Alameda’s balance sheet despite its due diligence and investors not claiming a seat on the board.— Among the last to realize that the FTX crypto exchange is a financial ticking time bomb are the company’s own investors.
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