Shocked by revelations about FTX and SBF: Paradigm’s Matt Huang

Investors of bankrupt crypto exchange FTX are in a state of shock and awe after the sudden collapse of the exchange in the span of a week and rout in the overall crypto market it brought along.

Matt Huang, the cofounder of Paradigm – a crypto/Web3 investment firm that backed FTX and its owner Sam Bankman Fried (SBF) – said his firm was shocked by the revelations about FTX, Alameda, and SBF.