SBF admits it backed billions of dollars in venture capital decisions
According to today's testimony, US prosecutors asked SBF: "Did you decide to invest billions of dollars in risk in 2021 and 2022?" SBF responded: "I think several billion dollars were my decision." SBF also admitted that he decided to invest billions of dollars in risk even before Alameda was ultimately hedged. Crunchbase data shows that FTX Ventures has invested in nearly 70 startups.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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