Wednesday, February 15, 2023

FTX Customers Sue Financial Firms That Found Crypto Exchange ‘Safe and Secure’

Former customers of FTX crypto exchange have sued three venture capital and private equity firms, accusing them in a proposed class action of fraudulently promoting the cryptocurrency exchange before it went bankrupt. According to a complaint filed late Tuesday in San Francisco federal court, Sequoia Capital, Thoma Bravo and Paradigm were "incentivized" in 2021 and 20...

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