SoftBank writes down nearly $100 million investment in FTX

As more details emerge regarding the events that led to FTX’s bankruptcy and stunning collapse, the cryptocurrency exchange’s investors are also being scrutinized.
Namely, many people are asking just how could so many high-profile investment firms pour a collective $2 billion with apparently so little due diligence.
The notorious Japanese investment conglomerate SoftBank, for example, is just one of many such firms that backed FTX after the startup raised a $400 million funding round in January, valuing the company at a staggering $32 billion. SoftBank, which invested as part of its Vision Fun

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