Investors of the now-bankrupt cryptocurrency exchange, FTX, have taken legal actions against venture capitalists and equity firms that supported the crypto exchange. The FTX users allege that these equity firms falsely promoted the legitimacy of FTX.
Bloomberg’s report on the class-action lawsuit filing noted that the embittered investors listed Sequoia Capital, Thoma Bravo, and Paradigm among the defendants.
Equity Firms Falsely Promoted Failed Exchange, Says Investors
The lawsuit filing cited a 2021 marketing campaign organized by the venture capital and equity firms promoting their million-dollar investments in FTX entities. As per the class-action complaint on Tuesday, the promotions made investors believe in the legitimacy of FTX, only for the firm to go Bankrupt in November 2022.
However, the defendants, Sequoia, Paradigm, and Thoma Bravo, did not give an immediate response to requests for comment by reporters.
These three firms were among those that invested in FTX’s $900 m
We współpracy z: https://bitcoinist.com/investors-sue-ftx-promoters/
