FTX’s Private Message to Investors Increases Uncertainty: Backers Worried About Shares Fate

FTX CEO Sam Bankman-Fried tells shareholders that the company’s top priority is its customers, while shareholders are concerned about zero investment.

CEO November 9 sent to its shareholders on in the notification letterHe expressed his regret that he had been having trouble communicating for the past few days. Bankman-Fried wrote in the letter that details of the deal with Binance as it is not clear yet talked about. In addition, the CEO stated in the letter that the current priority of the company protect customers also mentioned that.

Bankman-Fried offers investors for the future optimistic gave the message that they are. In the statement, the CEO stated that protecting customers has taken the first place among the company’s priorities as of now. that soon the focus will be on the interests of the shareholders. underlined.

Stating that the details of the purchase agreement between Binance and the company are not yet clear, the CEO said that as the details become clear in the coming days and weeks, the shareholders will be informed about this issue. will be informed stated. CEO to protect the rights of customers and the investments of shareholders will do his best added to his information.

World giants among shareholders BlackRock and Softbank especially Ontario Teachers Pension Plan, Sequoia, Paradigm, Tiger Global, Ribbit Capital, Alan Howard, Multicoin Capital, VanEck, and Temasek After the statements made by the CEO of FTX, he waited in uncertainty.

On the other hand, four of the FTX investors told The Information that the shares your fate is uncertain and They are worried that it will go towards zero. expressed.

The company has recently 32 billion dollars reached valuation and Sequoia and Paradigm collected funds from many venture capital investors, including


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