Crypto News– Just hours following the conviction of Sam Bankman-Fried (SBF) in a fraud case, Sequoia Capital Partner Alfred Lin responded to the verdict.
Sequoia Capital And Alfred Lin Responds to SBF’s Fraud Conviction
Using the platform X (formerly known as Twitter), Alfred Lin expressed his views on the unanimous verdict that found SBF guilty of fraud. He stated, “SBF misled and deceived so many.” In his tweet, Alfred Lin also mentioned that SBF’s fraudulent actions, which occurred after the FTX collapse, affected a broad spectrum of individuals and entities, including customers, employees, business partners, investors, and even Sequoia, making them all victims of SBF’s deception.
Lin Highlights Sequoia Capital’s Deception Amid FTX Misinformation
Alfred Lin, a partner at Sequoia Capital who had invested $225 million in FTX, revealed that in the aftermath of FTX’s collapse, Sequoia Capital promptly initiated a thorough review of its due diligence procedures and assessed its 18-month collaborative relationship with SBF.
In his concluding remarks, Lin emphasized that Sequoia Capital had been deliberately misled and deceived by a web of falsehoods. He further mentioned that they maintained their silence throughout the case’s establishment and prosecution over the past year.
With the trial now concluded, Alfred Lin expressed a sense of relief and affirmed that they had foreseen this outcome, as the truth about FTX, owned by Sam Bankman-Fried, has now become widely known to the public.
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