FTX VCs at menace of ‘severe questions’ round due diligence — CFTC Commissioner

FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner

Amid ongoing investigations all the map thru the defunct crypto replace FTX, the Commodity Futures Trading Price (CFTC) questions the due diligence conducted by institutional investors and their accountability regarding the lack of customers’ funds.

CFTC Commissioner Christy Goldsmith Romero mentioned that VCs that had to put in writing down their investments in hundreds of thousands of bucks to simply about zero raises “serious questions” about the due diligence conducted over the previous 300 and sixty five days, talking to Bloomberg.

<em>CFTC Commissioner Christy Goldsmith Romero questioning the VCs that as soon as backed FTX. Source: Bloomberg</em>

Continue Reading on Coin Telegraph

  South Korean regulators aim Bithumb in new probe

Drop your queries here! ↴ we will answer you shortly.