Prior to the implosion of crypto exchange FTX this week, founder and CEO Sam Bankman-Fried had his hands in everything—with his entities investing in the gamut from stablecoin issuer Circle to investment firms like SkyBridge Capital. Now that SBF’s firm is rapidly crumbling, what happens to those investments? And are VC firms circling to snap up the equity?
My colleague Leo Schwartz and I dug into SBF’s web of investments, which span FTX itself, his quant trading firm Alameda Research, and FTX’s venture arm FTX Ventures, whose $2 billion fund is funded by SBF himself as the sole LP. Just take a look at this mind-boggling chart below:
