Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Sequoia Capital partner Alfred Lin responded to SBF’s conviction: We have been deliberately misled and deceived by lies

Sequoia Capital partner Alfred Lin responded to SBF’s conviction: We have been deliberately misled and deceived by lies

Cointime2023/11/03 01:39
By: Cointime

Odaily Planet Daily News According to a statement by Alfred Lin, a partner at Sequoia Capital, which led the investment in FTX, he agrees with the quick and unanimous conviction of SBF, the founder of FTX. Lin mentioned that this verdict confirmed the fact that they had long known: SBF had misled and deceived many people, including customers, employees, business partners, and investors, including himself and Sequoia Capital. Lin stated that after FTX collapsed, Sequoia Capital immediately reviewed its due diligence process and evaluated its 18-month working relationship with SBF. Their conclusion was that Sequoia Capital had been intentionally misled and deceived by lies. He also added that they remained silent during the establishment of the case and trial by the prosecution over the past year. Lin expressed relief at the end of the trial.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,881.02
+0.00%
Ethereum
Ethereum
ETH
$4,657.28
-1.30%
XRP
XRP
XRP
$3.08
-1.16%
Tether USDt
Tether USDt
USDT
$1
-0.01%
Solana
Solana
SOL
$246.53
+1.60%
BNB
BNB
BNB
$937.97
+1.30%
USDC
USDC
USDC
$1
+0.03%
Dogecoin
Dogecoin
DOGE
$0.2909
+2.64%
TRON
TRON
TRX
$0.3500
-0.93%
Cardano
Cardano
ADA
$0.9142
-1.51%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter