The WILD World Of FTX EXPOSED..

Welcome back to Tech Hype. Prediction: there is one truly #savagewhirlwind coming to Sand Hill Road. How come so many big name venture capital firms and pension funds from Sequoia through Temasek to the Ontario Teachers Pension Fund pumped money into this Piece-Of-Shit house of cards? All of those idiot #venturecapital firms and #pensionfunds supposedly did “extensive due diligence”.

Cryptocurrency exchange FTX filed for Chapter 11 bankruptcy protection on Nov. 11, 2022, after a swift fall from grace. The company’s valuation plunged from $32 billion to bankruptcy in a matter of days, dragging down founder and CEO Sam Bankman-Fried’s $16 billion net worth to near-zero. FTX’s collapse shook the volatile crypto market, which lost billions in value, dropping below $1 trillion.

#Cryptocurrency #PensionFunds #FTX