TechFlow, on November 16, Paradigm co-founder Matt Huang posted on social media: "I'm shocked by the revelations about FTX, Alameda, and SBF. We deeply regret having invested in a founder and company that ultimately did not align with crypto's values and caused significant harm to the ecosystem.
Paradigm’s equity investment in FTX represented only a small portion of our total assets and has now been written down to $0. We have never traded on FTX nor held any assets on the platform. We have never invested in related tokens such as FTT, SRM, MAPS, or OXY.
The collapse of FTX has led some to question the value of cryptocurrency. But the problems at FTX are precisely the kinds of issues that decentralized finance can address through greater transparency and security. Crises like this help clarify the true value behind what we're all building.
The coming weeks and months will be difficult for crypto, but we remain optimistic about the potential of cryptocurrency and are committed to building the positive future we know it can enable."Original link
