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FTX Investor Lawsuit Targets VC Giants Sequoia and Paradigm

The fallout of the crypto exchange FTX has left deep scars on the investor community as more lawsuits continue. In the latest FTX investor lawsuit, venture capital and private equity giants like Sequoia Capital, Paradigm, and Thoma Bravo were accused in a lawsuit promoting the legitimacy of FTX. lawsuit on behalf of investors alleges that the firms participated in promotional marketing campaigns in 2021 to flex their investments worth several hundred million dollars across FTX entities. The lawsuit alleges that the marketing campaigns provided an “air of legitimacy” to now bankrupt FTX. (coingape)

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