Media company Semafor plans to buy back the $10 million stake held by SBF and seeks to raise new funds
ChainCatcher news, media company Semafor plans to buy back approximately $10 million in shares held by SBF due to his personal investment, while seeking to raise new funds.
Semafor co-founder and CEO Justin Smith stated, "We plan to buy back Sam Bankman-Fried's shares in Semafor and will deposit this money into a separate account until the relevant legal authorities provide guidance on where this money should be returned."
According to reports, the crypto data platform RootData shows that Semafor announced the completion of a $25 million seed round financing last June, with SBF participating. This funding came from SBF's personal funds, rather than from FTX and its affiliated company Alameda Research. (source link)
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