Namely, many people are asking just how could so many high-profile investment firms pour in a collective $2 billion with apparently so little due diligence.

TechCrunch has reached out to SoftBank for comment on its investment in FTX.

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The publication went on to add that the “Vision Funds’ unrealized gains since the start of investment in 2017 fell to negative $1.46 billion in the July-September period, down from positive $8.49 billion three months ago, according to its quarterly earnings presentation.”

Also among FTX’s long roster of investors are: NEA, IVP, Iconiq Capital, Third Point Ventures, Tiger Global, Altimeter Capital Management, Lux Capital, Mayfield, Insight Partners, Lightspeed Venture Partners, Ribbit Capital, Temasek Holdings, BlackRock and Thoma Bravo.

SoftBank writes down nearly $100 million investment in FTX by Mary Ann Azevedo originally published on TechCrunch