Large VC Firms Dragged Into FTX Drama With New Lawsuit
https://bitcoinist.com/large-vc-firms-dragged-into-ftx-drama/
According to a recently filed class-action lawsuit filed in the United States District Court for the Northern District of California, 18 VC firms have been named as defendants for allegedly aiding and abetting FTX’s fraud.
Great news!
https://www.courtlistener.com/docket/67673231/1/cabo-v-temasek-holdings-private-limited/
The lawsuit mentions that these VC firms failed to do due diligence before pouring hundreds of millions of investor funds into the company.
I said this right from the start. The law churns slowly.
Everyone should read Section O (pp 95-125).
What I said at the time - scamsters all round.