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Fortune

Luisa Beltran

Leaked FTX documents offer clues as to why VCs may have ignored due diligence

FTX Sam Bankman-Fried Alameda

(Credit: Alex Wong / Staff)

Finance reporter Luisa Beltran here today.

It’s been a week since crypto exchange FTX sought Chapter 11 protection, sending shockwaves through the industry. The bankruptcy included FTX, quantitative trading firm Alameda Research, and about 130 affiliated companies. More than one million creditors are expected to be impacted and the sector is bracing for the next blowup.

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