FTX’s Sam Bankman-Fried sold $300m stake during funding spree

FTX’s Sam Bankman-Fried sold $300m stake during funding spree

FILE PHOTO: FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS/File Photo

FTX founder Sam BankmanFried sold a stake in the company worth $300 million when the crypto exchange raised capital last year, the Wall Street Journal reported on Friday, citing the firm’s financial records and people familiar with the transaction.