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Semafor Puts Its Sam Bankman-Fried Investment in the Gov’s Hands

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The decision came after the FTX founder’s investment in the fledgling outlet came under heavy scrutiny.

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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