FTX used $200 million of customer funds for venture capital investments, SEC complaint shows

Collapsed crypto exchange FTX used $200 million of customer funds to make two venture capital investments, according to a Securities and Exchange Commission complaint.

Two separate investments of $100 million each were made via FTX Ventures and "were funded with FTX customer funds that had been diverted to Alameda," the filing said.

The investments were made in fintech company Dave and Web 3 firm Mysten Labs, in March and September, respectively.