Bankman-Fried, Sam – Page 33

Investors Who Put $2 Billion Into FTX Face Scrutiny, Too

Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached.

The announcement capped a stunning week that has sent shock waves through the crypto industry.

Authorities worldwide are intensifying their scrutiny of the embattled cryptocurrency exchange, amid concern about improper use of customer money.

Plus: Is the latest round of tech layoffs a sign of impending doom, or a much-needed structural correction?

Binance, the world’s largest cryptocurrency exchange, was set to bail out FTX. Then it pulled out of the deal.