Sources: SBF Sold $300 Million Worth of Stake in Company During Last Year's Funding Spree

SBF sold $300 million worth of stake in the company during last year's funding spree, sources said, telling investors at the time that it was partly a reimbursement of the money spent to buy out Binance's stake in FTX.

Previously, according to FTX's 2021 financial statements, the funds were kept by the company on behalf of "related parties" to run the expediency program.