The near-collapse of Sam Bankman-Fried’s crypto empire, FTX, has sent shockwaves across the crypto industry, leaving many firms with ties to Bankman-Fried in limbo.
Most notably, Bankman-Fried was poised to buy up the assets of bankrupt crypto lender Voyager, but while that agreement was announced in September, it hasn’t closed. Bankman-Fried also had various deals and rescues of other firms in progress. And his financial obligations extend beyond the crypto world—FTX had inked a $135 million, 19-year deal for the naming rights of FTX Arena in Miami, but was less than two years into paying it off.
