Paradigm Co-founder Confirms Investment In FTX Drops To Zero

Paradigm’s co-founder Matt Huang claimed that Paradigm wrote down zero on its investment in the defunct FTX Exchange. He also stated that it never made investments in exchange-related tokens like FTT. Furthermore, it never made investments in exchange-related tokens like FTT.$290 million was invested by Paradigm in a collection of businesses run by former FTX CEO Sam Bankman-Fried.Although the swift demise of the exchange has caused some people to question the value of cryptocurrencies, according to Huang, the problems at FTX are precisely the kinds of problems that decentralized finance can address through greater transparency and security.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoinCu NewsTags: FTTFTXMatt HuangParadigmSam Bankman-Fried