According to new evidence given in the criminal trial of FTX founder Sam Bankman-Fried, the cryptocurrency exchange sought funding from BlackRock and Google.
According to new evidence given in the criminal trial of FTX founder Sam Bankman-Fried, the cryptocurrency exchange sought funding from BlackRock and Google as it faced financial difficulties last November. The evidence, which included a spreadsheet kept by FTX's former general counsel, Can Sun, revealed that a funding round known as C1 was launched in the late summer and fall of 2022.
The spreadsheet included a list of potential investors such as BlackRock, Google, Apollo, and others. While BlackRock had previously invested $24 million in FTX, it is unclear whether they joined in the latest round of funding. While Google did not directly invest in Bankman-Fried's businesses, they invested in companies backed by Alameda Research. Bankman-Fried's trial continues as he defends himself against several fraud and conspiracy allegations.
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