SBF Case Files Revealed: Google, BlackRock Once Considered Investment; Temasek Still Eyeing Second Investment in FTX

Court documents reveal that Google and BlackRock were potential investors in FTX before its bankruptcy, while Singapore's state-owned investment company, Temasek, who lost face due to investing in FTX, surprisingly wanted to invest in FTX again before its bankruptcy, and was listed as a high-probability investor in the document.

Google, BlackRock, Apollo Considered Investing in FTX

Can Sun, former general counsel of FTX, testified in court recently, and according to evidence cited by Decrypt, Google, BlackRock, and Apollo were all potential investors in FTX's C1 round of financing in the second half of 2022.

Additionally, the data also shows that the likelihood of Google and BlackRock's participation was "medium," and they had completed due diligence on FTX.

FTX Financing Not Completed

The C1 round of financing was not completed, and Can Sun previously mentioned that after Apollo Global Management declined to invest in FTX, he discovered a funding gap of up to $7 billion.

FTX's former legal counsel Can Sun testified, blaming SBF and former FTX executives

Note: According to Reuters, BlackRock CEO Larry Fink revealed that he had invested $24 million in FTX before its bankruptcy.

Temasek Almost Duped Again?

Notable institutions such as Sequoia Capital, Temasek, and Paradigm have invested in FTX, and the so-called pre-investment "due diligence" has become a joke.

Surprisingly, the table above shows that Temasek and venture capital firm Standard Crypto were listed as high-probability investors,

Temasek, as a Singaporean state-owned investment institution, almost fell victim to another round of financing.

Failure in FTX investment, loss of face, Temasek announced salary cuts for investment team and related executives

However, FTX ultimately indirectly benefited from Google, as SBF had invested $580 million in AI startup Anthropic, which raised funds from Google in early October at a valuation of $20-30 billion, bringing FTX's stake value to $3-4.5 billion.

SBF's investment in AI startup Anthropic valued at five times, FTX customers have the opportunity to retrieve more money!