Sequoia Capital partner Alfred Lin responds to SBF's conviction: We were intentionally misled.

BlockBeats News, November 3rd - Alfred Lin, a partner at Sequoia Capital who led the investment in FTX, made a statement on social media expressing his agreement with the quick and unanimous conviction of FTX founder Sam Bankman-Fried (SBF). Lin mentioned that the verdict confirmed the fact they had long been aware of: that SBF had misled and deceived many people, including customers, employees, business partners, and investors, including himself and Sequoia Capital. Lin stated that after the FTX collapse, Sequoia Capital immediately reviewed its due diligence process and evaluated its 18-month working relationship with SBF. Their conclusion was that Sequoia Capital had been intentionally misled and deceived. He also added that they remained silent during the investigation and trial over the past year. Regarding the end of the trial, Lin expressed relief. Previously reported by BlockBeats, Alfred Lin, a partner at Sequoia Capital, stated at the Bloomberg Technology Summit in June of this year that even if they were to re-examine their previous work from 15 perspectives, Sequoia Capital might still invest in the cryptocurrency trading platform FTX again. Lin added that the $115 million investment loss on FTX only accounted for 2% to 3% of their global growth fund, and Sequoia Capital remained very interested in the concept of cryptocurrency.