Semafor plans to return the investment it took from accused crypto entrepreneur Sam Bankman-Fried, according to an individual familiar with the matter. A spokeswoman for Semafor declined to disclose the amount of Bankman-Fried’s investment and how Semafor is to “redeem” the investment.
Semafor was founded by Justin Smith, a New York Times columnist, and Ben Smith, former CEO of Bloomberg Media Group. SBF participated in Semafor’s $25 million Pre-Seed round of financing closing in May 2022.