Emails Reveal How Bankman-Fried Pressured and Manipulated Investors to Pour Millions into FTX Despite Concerns
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Emails show how Bankman-Fried pressured and manipulated Paradigm VCs into investing $278M in FTX despite their misgivings.
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Paradigm had concerns about lack of oversight and potential "value leakage" from Alameda and FTT tokens.
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Despite concerns, Paradigm invested due to FOMO as Bankman-Fried touted a $20B valuation.
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Emails mention failed plans for a deal between Bankman-Fried and ex-Suns owner Robert Sarver.
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The emails provide an inside look at how Bankman-Fried toyed with investors ahead of FTX's collapse.