Semafor to ‘Redeem’ Sam Bankman-Fried Investment

‘Company intends to redeem investment,’ knowledgeable individual told TheWrap

Semaphore, a global media company launched by Justin Smith and Ben Smith just two and a half months ago, plans to return the investment it received from accused crypto entrepreneur Sam Bankman-Fried, according to circumstance. A person familiar with the matter told TheWrap.

“The company intends to redeem the investment,” he said, cautioning against using the word “return,” but was unable to identify the difference between redemption and simply returning the investment.

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