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Sam Bankman-Fried Cashed Out $300M in Previous Funding Round: Report

In a previously undisclosed detail, most of the $420 million raised in October 2021 went directly to Bankman-Fried, according to the Wall Street Journal.

Updated May 9, 2023, 4:03 a.m. Published Nov 18, 2022, 8:38 p.m.
Former FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)
Former FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)