Temasek, Sequoia Capital, Softbank, main VCs face lawsuit for “abetting” FTX fraud

Eighteen main enterprise capital (VC) funding corporations, together with Temasek, Sequoia Capital, Sino International and Softbank (OTC:), have been named as defendants in a class-action lawsuit filed in america District Court docket for the Northern District of California for his or her hyperlinks to the now-bankrupt crypto alternate FTX.

The lawsuit, filed on Aug.7, alleged that the funding corporations have been answerable for “aiding and abetting” the FTX fraud. The swimsuit claims that the defendants used their “energy, affect and deep pockets to launch FTX’s home of playing cards to its multibillion-dollar scale.”

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