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cryptonews
2023-01-11 11:45:00

Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?

Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?

New revelations indicate that there were some close links between Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, and some of his major backers. According to a new report by the Financial Times, Bankman-Fried invested $20 million in a fund managed by crypto venture capital firm Paradigm in late 2021. The same fund later invested in FTX and FTX US exchanges.... Read More: Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?

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