The alleged dirty money given by Sam Bankman-Fried will not remain with Semafor, a digital news site launched last year. TheWrap reported that the company intends to redeem its reinvestment but avoided using the word return.
“The company intends to redeem the investment,” said an anonymous source who sidestepped utilizing the word “return” but declined to define the distinction between redeeming and simply returning the investment.
“We are actively working with the relevant legal and governmental bodies who are managing this situation and are following their guidance on the most appropriate next steps to ensure the most ethical and responsible outcome for Sam Bankman-Fried’s creditors and the judicial process underway,” a Semafor rep said.
Additionally, a source told the Wrap that giving back Bankman-Fried’s investment posed complications because the funds “could not ethically be returned to Bankman-Fried himself.”
For that reason, the insider stated, Semafor has been “waiting for guidance from government prosecutors about the best way to respond.”
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
