Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Sam Bankman-Fried scored $300 million during a big FTX funding push.
The now-collapsed cryptocurrency exchange FTX raised $420 million in a big funding round in October 2021, but $300 million of it went to founder Sam Bankman-Fried, according to The Wall Street Journal.
He apparently sold some of his stake in FTX to get that much, but it still meant he got a lot of money that investors probably wanted to go directly into the company.
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