TechFlow news — On November 3, Alfred Lin, a partner at Sequoia Capital who led its investment in FTX, tweeted: "Today’s swift and unanimous verdict confirms what we already knew: SBF misled and deceived many people—from customers and employees to business partners and investors, including myself and Sequoia. Immediately after FTX collapsed, we conducted a broad review of our due diligence processes and assessed our 18-month relationship with SBF. We concluded that we were deliberately misled and deceived. Last year, during the prosecution and throughout the trial, we had to remain silent. We’re glad the trial is now over."
Following 15 days of testimony and approximately four and a half hours of deliberation, the jury found SBF guilty on seven counts of fraud and conspiracy. In June 2023, Alfred Lin stated at the Bloomberg Technology Summit: "While FTX has since gone bankrupt, looking back through 15 different lenses, if we were to reassess FTX today, we might still make the same investment decision."
