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Media Startup Semafor Says It Will Buy Back $10 Million SBF Stake

Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company. Semafor will seek to raise money from other sources to make up for what it is giving back.

The $10 million was part of a $25 million seed funding round that allowed Semafor to get started with its news site, which launched in October, 2022.

Semafor is the latest in a string of news sites and political groups that have said they will return money given to them by the failed crypto exchange and its executives.

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