FTX Ventures Head Amy Wu Resigns

The Information reported on Amy Wu’s resignation as the head of FTX Ventures.

Wu, a former partner at Lightspeed Venture Partners who joined FTX in January to build a $2 billion venture fund, announced her resignation on Thursday after the crypto exchange’s VC arm was left in ruins this week in a Lehman Brothers-like fashion. Wu confirmed her departure to The Information.

In her previous capacity as a partner at FTX Ventures, she invested in blockchain gaming startup Faraway and was an early supporter of Web3 startups Offchain Labs and Faraway.

Coincu also previously reported that the staff of the FTX Future Fund, one of the FTX Foundation’s branches, announced their resignation.

The news of Wu comes after FTX announced CEO Sam Bankman-Fried resigned and FTX, FTX US, Alameda filed for Chapter 11 bankruptcy.

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