CoinVoice recently learned that on October 6, Paradigm co-founder Matt Huang testified in court on Thursday regarding the SBF case. Matt Huang described the process of Paradigm investing a total of approximately US$278 million in FTX twice. Matt Huang said that he was excited by FTX's rapid growth in early market share, but he was concerned about FTX's lack of a formal governance structure or even a board of directors. SBF had told him that Alameda Research did not have preferential treatment at FTX.

In addition, Matt Huang said that Paradigm's investment in FTX has been accrued to zero. (The Block) [Original link]