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)