Finblox is set to launch the Finblox Token ($FBX) on 25th April with an early access sale on the Finblox launchpad. This sale is exclusive to whitelisted customers who will receive exclusive perks like discounts on the public sale price and NFTs. Interested users can register to join an ongoing promotion to land a coveted whitelist spot for the token.

A Delaware bankruptcy judge has approved the $45 million sale of FTX’s assets in Sequoia Capital Fund to the investment arm of Abu Dhabi, a Tuesday court filing shows.

Turnkey, which revealed a $7.5 million seed fundraise on Tuesday, provides the latest example, with a team of former Coinbase Custody execs offering a platform to provide a foundation for a crypto industry in which trillions of on-chain transactions occur, rather than a world where investors simply lock up their assets. 

FTX’s investment arm, Alameda Research, has struck a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth fund, according to court documents filed Wednesday.

Major venture capital firms are doubling down on fintech, with the industry dominating the portfolios of firms like Sequoia Capital and a16z. Both firms invested significant amounts into the space in 2022.

The fallout of the crypto exchange FTX has left deep scars on the investor community as more lawsuits continue. In the latest FTX investor lawsuit, venture capital and private equity giants like Sequoia Capital, Paradigm, and Thoma Bravo were accused in a lawsuit promoting the legitimacy of FTX. lawsuit on behalf of investors alleges that the firms participated in promotional marketing campaigns in 2021 to flex their investments worth several hundred million dollars across FTX entities. The lawsuit alleges that the marketing campaigns provided an “air of legitimacy” to now bankrupt FTX. (coingape)

Decentralised Finance (DeFi) startup Flint, which is backed by investors like Sequoia Capital and Coinbase, has decided to discontinue its flagship yield offering service amid regulatory uncertainty, YourStory reported on January 27 citing an internal mail.

Sequoia Capital partner Divya Gupta is leaving the firm just weeks after the storied venture capital firm apologized to limited partners about its $214 million investment in the now-bankrupt crypto exchange FTX. Gupta worked on seed- and early-stage investments in cryptocurrency and artificial intelligence at Sequoia, and has worked at the firm for under a year. A Sequoia spokesperson said he had no involvement in making the FTX investments. (theinformation)

Sequoia Capital on Wednesday assured investors that the company had limited exposure to FTX and will pull out of its investment in the troubled cryptocurrency exhange, after an FTX deal with peer Binance collapsed.