FTX VCs at threat of ‘serious questions’ spherical due diligence — CFTC Commissioner

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

Amid ongoing investigations around the defunct crypto alternate FTX, the Commodity Futures Trading Price (CFTC) questions the due diligence conducted by institutional merchants and their accountability in the case of the shortcoming of users’ funds.

CFTC Commissioner Christy Goldsmith Romero said that VCs that had to jot down down their investments in tens of millions of bucks to almost zero raises “severe questions” about the due diligence conducted over the closing three hundred and sixty five days, speaking to Bloomberg.

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

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