The FTX crash has caused the fund to fall by a startling 55% over the previous month.
Multicoin Capital reportedly chooses to write down FTX to zero.
The FTX outbreak is rapidly increasing in scope. As reported by crypto venture capital company Multicoin Capital to its investors on November 17th, the FTX crash has caused the fund to fall by a startling 55% over the previous month.
Multicoin thinks it has a chance of getting its money back from FTX someday. However, Multicoin Capital chooses to write down FTX to zero since they are now involved in bankruptcy procedures. The crypto investment business was vague about the amount it is writing down owing to the FTX crash. The experts in the market estimate that this might be more than $850 million.
Devastating Setback
Multicoin managing partners Kyle Samani and Tushar Jain stated: “We put entirely too much trust in our relationship with FTX. We had too many assets on FTX.” In light of Multicoin’s July announcement of a $430 million f
We współpracy z: https://thenewscrypto.com/multicoin-capital-reportedly-has-835m-exposed-to-ftx/
