SoftBank and BlackRock among FTX investors in the dark over Binance deal
Quick Take
- CEO Sam Bankman-Fried apologized to investors on Tuesday for a lack of communication on a potential buyout deal with Binance.
- Some of FTX’s most prominent investors include SoftBank, BlackRock, and Ontario Teachers Pension plan.
Binance's agreement to acquire FTX.com has left some of the world's largest investors in the dark.
Beleaguered FTX CEO Sam Bankman-Fried wrote to investors on Tuesday, apologizing for his lack of communication, adding that the details of a non-binding agreement for Binance to buy FTX.com haven't been finalized.
"I wish I had more details for you guys right now; I don't yet," he said, adding that he would be "quite swamped" over the coming days, and that Ramnik Arora, FTX head of product, would answer any questions.
Backers of the exchange up to now have included: BlackRock, Ontario Teachers Pension Plan, Sequoia, Paradigm, Tiger Global, SoftBank, Circle, Ribbit Capital, Alan Howard, Multicoin Capital, VanEck and Temasek, among others, according to The Block Research.
Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.
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