SBF invested 200 million back into Sequoia funds as an LP, wasn't that big of a loss as they invested 214 million into FTX
Wasn't it 500 million?
Are people going to trust them with their money to let them raise future funds?
If so: why?
People will still trust them with their money because social accountability mechanisms are not that great, PR is a thing and people are even more prone to FOMO and skipping due diligence than even VC investors have been here.
What about the funds that FTX invested back into Sequoia?