Semafor said in a statement Friday it would allow government probes of former FTX chief executive Sam Bankman-Fried to determine what happens to his investment in the fledgling news outlet.
The decision was announced in a staff-wide memo by CEO Justin Smith, who later released the statement on Twitter, and it came after multiple outlets questioned what the crypto founder’s downfall meant for his various investments in major media orgs.
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FTX founder Sam Bankman-Fried took questions about company collapse: 'We messed up big'Sam Bankman-Fried took questions at the DealBook Summit on Wednesday regarding the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded. This dork should be in jail. Duh!!!
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