Near Protocol and Sui received two separate financing rounds, as did crypto lender BlockFi and the Aptos blockchain. The actual amount of FTX Ventures investments is unclear.
According to the source, the exchange platform also has tight links to the struggling BlockFi, with the U.S. branch giving a $400 million line of credit to the bank and FTX getting an option to purchase BlockFi for $240 million. In September, this Venture agreed to buy a 30% share in SkyBridge Capital for an unknown price, and SkyBridge would utilize some of the assets from FTX to make a $40 million crypto investment to keep its balance sheet intact.
Despite increases in global stock markets, the Tiger Global hedge fund, which invested in FTX’s $420 million Series B-1 in October, dropped 5.4 percent last month. The SoftBank Vision Fund, which made a $400 million investment in this platform in January, previously reported a $50 billion loss in the first six months of this year.
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