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News website Semafor intends to repurchase the equity held by the founder of FTX


Reporting by Alex Barker and Ana Nikolaou London, New York

Media start-up Semafor is figuring out how to buy back the stake held by its biggest outside backer, Sam Bankman-Fried, with plans now involving escrow-related funds. Bankman-Fried is the now discredited founder of cryptocurrency exchange FTX.

Before FTX’s thunderstorm last year, Bankman-Fried wrote for former Bloomberg Media CEO Justin Smith and the New York Times…

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