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FTX Fallout's Ugliest Turn Yet

The Defiant - DeFi Podcast

00:00

Sequoia

FTX and Nalemida were so huge because in part because they just received hundreds of millions in funding, 2 billion, 2 billion. They got to a 32 billion valuation in their last round. So what's going on with those VCs who bet? The fallout for institutional investors in crypto will be a significant theme over the next couple of quarters.

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