Sequoia marks down its investment in embattled crypto bourse FTX to zero

Sequoia marks down its investment in embattled crypto bourse FTX to zero

Binance and FTX logos are seen in this illustration taken, November 8, 2022. REUTERS/Dado Ruvic/Illustration

Sequoia Capital has marked down its investment in the embattled crypto exchange FTX to zero, according to a note shared by the firm with its limited partners (LPs) on Thursday.