Silicon Valley Bank and Sequoia Capital

CNN's John Berman says he wasn't paying attention to the Silicon Valley bank thing. But as soon as it happened and somebody texted him up, he had to keep his radar on. He found that Sequoia Capital was the one that was behind FTX. The reason people thought it was legit is because those guys said they did due diligence. They might get tax write-offs that are worth more than the investment they put into FTX.