The trial and sentencing of FTX co-founder Sam Bankman-Fried
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FTX liquidation could further hurt crypto startups.
Before they collapsed, FTX and Alameda Research “massed a roster of portfolio companies that included major names in the industry, such as stablecoin providers Circle and Paxos, blockchain developer Aptos Labs and crypto bank Anchorage Digital,” Bloomberg writes.
But venture funding for the crypto world has plunged; selling those stakes could further depress startup valuations.
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