Eighteen FTX investment institutions, including Temasek, Sequoia Capital, and SoftBank, have been named as defendants in a class-action lawsuit

ChainCatcher news, according to Cointelegraph, 18 FTX investment firms including Temasek, Sequoia Capital, and SoftBank have been named as defendants in a class-action lawsuit filed in Miami due to their association with the now-bankrupt cryptocurrency exchange FTX. The plaintiffs claim that these investment firms are responsible for "aiding and abetting" FTX's fraud. The plaintiffs point out that the FTX cryptocurrency exchange violated multiple securities laws and misappropriated customer funds, while the defendants assert that they conducted due diligence.