Can Sun, former general counsel of FTX, testified that FTX's Series C financing began in "late summer and autumn of 2022." An electronic spreadsheet showed that 15 potential investors, including BlackRock, Google, and Apollo, were interested in participating in this round of financing, with the possibility of BlackRock and Google investing being "medium." Both companies conducted due diligence on FTX before it went bankrupt.

In addition, the likelihood of participation by venture capital firm NEA and the Qatar Investment Authority is "medium," while the probability of participation by Temasek and Standard Crypto is "high."