Odaily Planet Daily News According to the U.S. Securities and Exchange Commission, FTX and SBF are suspected of using customer funds through their subsidiaries to make two $100 million investments, namely a $100 million investment in financial technology company Dave in March this year and a $100 million investment in Web3 company Mysten Labs in September this year. Although Mysten Labs and Dave claim to have no connection with FTX's misconduct, they are currently the two venture capital cases publicly "named" by the U.S. Securities and Exchange Commission. The regulator said that if the FTX bankruptcy trustee confirms that customer funds were used for investment, then the relevant funds may be required to be recovered. So far, Sullivan & Cromwell, the law firm representing FTX, has not responded to requests for comment, and Mysten Labs has declined to comment on the matter, but Dave CEO Jason Wilk revealed that FTX's investment was made through convertible notes, not cash investment. (CNBC)