Where Is the FTX Bankruptcy Going?


Sam Bankman-Fried has invested about $20 million in Paradigm, a venture capital firm. Later, $2.5 billion of money Paradigm One invested in FTX and FTX US.

FTX Exchange, a popular cryptocurrency exchange used by traders to buy and sell coins and tokens, filed for bankruptcy on November 11. Since then, research teams have been on their toes to dig up all the confidential information related to FTX and founder Sam Bankman-Fried. Although the team tried to know the deepest mysteries every day, there is a new message indicating.

In a few hours, the financial file that distributes supplies of FTX, including Starterball Star Tom Brandy and Other celebrities are popular in most popular facilities like Coinbase . Now, the latest update says that the founder and former CEO of FTX, Sam Bankman-Fried, has invested almost USD 20 million in Paradigm, a capital company.

Also, it was reported that Paradigm bought FTX shares. It was in 2021 that SBF invested in funds managed by Paradigm and later in a $2.5 billion Paradigm One investment in the FTX and FTX US exchanges. Originally, Paradigm One was one of the biggest crypto trading companies. Paradigm, which was founded in 2018 by former Sequoia Capital partner Matt Huang and Coinbase founder Fred Ehrsam, said that SBF is getting as much respect as others in its fund.

Paradigm Regrets It’s FTX Investment

On the other hand, according to reports, SBF has also invested $5 million in funds brought in by UVM, a Singapore bank and Signum Capital. These companies were the first of a few investments made by Sam Bankman-Fried.

Paradigm is the lead investor in FTX, as the firm helped FTX’s corporate team manage Series B funding in July 2021. Huang has said that SBF is one of the specialists that are very satisfied with the future of the future.

Anyway, when FTX has put the records, huang you have deep influence and the company that his values ​​are not visible for the principle of crypcorgrales.

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