Paradigm co-founder feels 'deep regret' for investing in SBF and FTX
Paradigm co-founder feels 'deep regret' for investing in SBF and FTX
Some have questioned whether the multibillion-dollar private equity firm did enough due diligence on FTX before the investment.
< /div>
News
The co-founder of asset monitoring firm Paradigm says he feels "deep regret" about investing in FTX amid the latest revelations involving FTX, Alameda Research and Sam Bankman-Fried.
In a November 15 Twitter post, Paradigm co-founder and business partner Matt Huang said the organization was "stunned" by the revelations surrounding the two companies and their founder, adding:
“We feel deep remorse for investing in a founder and company that ultimately no longer aligned with crypto values and caused substantial damage to the atmosphere.”
p>
Matt Huang, Director Paradigm Partner and Co-Founder Source: Paradigm
Paradigm is a crypto and Web3-focused mission capital firm, primarily based in San Francisco. In April, reports indicated that firm assets were under management
Crypto Nov 16, 2022 0 29
Add to Reading List
Some have questioned whether the multibillion-dollar private equity firm did enough due diligence on FTX before the investment.
< /div>
News
The co-founder of asset monitoring firm Paradigm says he feels "deep regret" about investing in FTX amid the latest revelations involving FTX, Alameda Research and Sam Bankman-Fried.
In a November 15 Twitter post, Paradigm co-founder and business partner Matt Huang said the organization was "stunned" by the revelations surrounding the two companies and their founder, adding:
“We feel deep remorse for investing in a founder and company that ultimately no longer aligned with crypto values and caused substantial damage to the atmosphere.”
p>
Matt Huang, Director Paradigm Partner and Co-Founder Source: Paradigm
Paradigm is a crypto and Web3-focused mission capital firm, primarily based in San Francisco. In April, reports indicated that firm assets were under management