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| Nov. 11, 2022 11:48 AM PST
Photo: Graphic by Mike Sullivan.
Sam Bankman-Fried touched nearly everything under the crypto sun. Now that his kingdom has imploded, more and more of his sprawling web of financial ties is coming to light.
The firms interacting with Bankman-Fried were at times intertwined, playing multiple roles in his life. Multicoin Capital, for example, was not only an investor in now-bankrupt FTX but a customer, and it ended up with its funds stuck on the frozen crypto exchange. It also backed a separate decentralized finance exchange advised by Bankman-Fried, setting it up for more pain. Paradigm and Sequoia also backed FTX, and Bankman-Fried himself was an investor in both those companies.
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