Sequoia may have written down its $214 million investment in the now-defunct global crypto exchange FTX which filed for bankruptcy at the end of last week. Paradigm appears to be out $278 million, according to a letter it sent to limited partners last week. And the Ontario Teachers’ Pension Plan plan had thrown in a $95 million investment into FTX's global and U.S. businesses.
But these potential losses pale in comparison to what is on the line for some of the venture capital or hedge funds that stored digital assets on what was, merely two weeks ago, one of the largest and most trusted exchanges in the crypto market.
