Bankman-Fried’s trading firm, Alameda Research, which had close ties with his crypto exchange FTX and which shut down this week, invested at least $20 million in Paradigm last year, according to two people with direct knowledge of the matter.
Separately, Alameda Research and FTX Ventures, a venture arm backed by Bankman-Fried’s personal money, committed hundreds of millions of dollars to Sequoia Capital, Altimeter Capital Management and Multicoin Capital, according to four people familiar with the matter. Funds connected to Bankman-Fried also backed K5 Global, an advisory and investment fund run by Michael Kives, a close adviser to Bankman-Fried.
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