FTX VCs at risk of ‘serious questions’ around due diligence — CFTC Commissioner

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

Amid ongoing investigations around the defunct crypto alternate FTX, the Commodity Futures Trading Commission (CFTC) questions the due diligence performed by institutional traders and their accountability concerning the shortcoming of users’ funds.

CFTC Commissioner Christy Goldsmith Romero acknowledged that VCs that needed to jot down down their investments in tens of millions of bucks to with reference to zero raises “serious questions” in regards to the due diligence performed over the final 300 and sixty five days, speaking to Bloomberg.

<em>CFTC Commissioner Christy Goldsmith Romero questioning the VCs that after backed FTX. Offer: Bloomberg</em>

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