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According to Forbes, 2021, FTX raised $1 billion at an $18 billion valuation from venture investors such as Paradigm, SoftBank and Sequoia Capital. Three months later, FTX brought in a $421 million haul, pushing its valuation to $25 billion, from investors like Singapore-government owned investment firm Temasek, Tiger Global Management and the Ontario Teachers’ Pension Plan. By January of this year, crypto prices were on the decline, but FTX charged ahead. Investors, many of whom had also pumped money into the earlier rounds, put another $400 million into FTX–at a $32 billion valuation. That $32 billion figure has gone up in smoke. So has the $1.8 billion-plus of capital that investors pumped into FTX over the course of three years: At least two major shareholders are marking their investment in FTX down to $0: venture capital firm Sequoia and, reportedly, crypto-focused firm Paradigm.In a strict sense, FTX’s investors’ losses are limited to the $1.8 billion or so they put into the business. But their paper losses are much, much higher. If any of these investors had cashed out in January, when FTX peaked at the $32 billion valuation, they’d be tens or even hundreds of millions dollars richer. Instead, they could well end up with nothing. This analysis does not include shares of FTX U.S., the exchange’s American operations, which raised $400 million at an $8 billion valuation concurrent with FTX’s series C round in January.

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【Forbes: These investors stand to lose the most from FTX’s implosion】According to Forbes, 2021, FTX raised $1 billion at an $18 billion valuation from venture investors such as Paradigm, SoftBank and Sequoia Capital. Three months later, FTX brought in a $421 million haul, pushing its valuation to $25 billion, from investors like Singapore-government owned investment firm Temasek, Tiger Global Management and the Ontario Teachers’ Pension Plan. By January of this year, crypto prices were on the decline, but FTX charged ahead. Investors, many of whom had also pumped money into the earlier rounds, put another $400 million into FTX–at a $32 billion valuation. That $32 billion figure has gone up in smoke. So has the $1.8 billion-plus of capital that investors pumped into FTX over the course of three years: At least two major shareholders are marking their investment in FTX down to $0: venture capital firm Sequoia and, reportedly, crypto-focused firm Paradigm.In a strict sense, FTX’s investors’ losses are limited to the $1.8 billion or so they put into the business. But their paper losses are much, much higher. If any of these investors had cashed out in January, when FTX peaked at the $32 billion valuation, they’d be tens or even hundreds of millions dollars richer. Instead, they could well end up with nothing. This analysis does not include shares of FTX U.S., the exchange’s American operations, which raised $400 million at an $8 billion valuation concurrent with FTX’s series C round in January.

Forbes: These investors stand to lose the most from FTX’s implosion

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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