FTX’s crash highlights flaws like Sequoia’s lack of access to Alameda’s balance sheet despite its due diligence and the investors failing to demand a board seat (Bloomberg)

Bloomberg:
FTX’s crash highlights flaws like Sequoia’s lack of access to Alameda’s balance sheet despite its due diligence and the investors failing to demand a board seat  —  Among the last people to realize that the cryptocurrency exchange FTX was a financial time bomb were the company’s own investors.