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L2s Won’t Scale Ethereum | Multicoin

Empire

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The Breakpoint of FTX

We didn't think there was going to be like this level of insolvency or this big of a problem, especially given the very large amount of equity capital that FTX had raised. We did not lead any of the investment rounds at FTX. Those were led by some larger investor and then we were participants in both of those rounds. So when do you guys actually know that things were going south? Cause things escalated fairly quickly. When CZs sort of tweeted and that they're going to sell them onto the FTT,. Like it was sort of a timeline of 72 hours, things really escalated.

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