Major institutions face class action lawsuits over their roles in enabling and promoting FTX.
Sequoia Capital gave up its $213.5 million investment in FTX and FTX.US, saying the investment was a loss.
With Tesla's CEO, Elon Musk, now set to carry on with his proposed deal to purchase Twitter.
Sequoia Capital will primarily invest in liquid tokens – cryptocurrency tokens traded on third-party exchanges.Â
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