SBF admits it backed billions of dollars in venture capital decisions

Odaily News In todays testimony, the U.S. prosecutor asked SBF: Did you decide to spend billions of dollars in venture capital in 2021 and 2022? SBF responded: I think several billion of them were my decision. SBF also admitted that even before Alameda was ultimately hedged, he decided to spend billions on the venture. Crunchbase data shows that FTX Ventures has invested in nearly 70 startups. (Bloomberg)