A look at SBF’s desperate efforts to raise $7B+ from Sequoia, Apollo, TPG, the Saudis, and others; FTX’s internal accounting software hid FTX-Alameda transfers (Reuters)

Andrew Throuvalas / Decrypt:
Anchorage Digital plans to custody a “significant portion” of Apollo Global’s crypto portfolio and offer crypto custody services to Apollo’s clients  —  The private equity giant that manages half a trillion dollars will use Anchorage for institutional crypto custody.

Kate Clark / The Information:
SBF quietly invested $500M+ in Paradigm, Altimeter, and other VCs, including, sources say a $200M commitment to Sequoia, and $300M to K5 per PitchBook  —  FTX founder Sam Bankman-Fried was not only a tireless fundraiser from venture capital firms including Paradigm and Sequoia Capital …

Matt Levine / Bloomberg:
Some questions about FTX’s “liquidity crunch” and its deal to sell to Binance, probably for a fraction of its former valuation of tens of billions of dollars  —  CZ vs. SBF  —  I kind of can’t believe this worked?  Here are Bloomberg’s Philip Lagerkranser and Joanna Ossinger this morning:

Wall Street Journal:
Sources: Sam Bankman-Fried has unsuccessfully continued to attempt to raise $8B to plug FTX’s shortfall, despite filing for bankruptcy and resigning as CEO  —  Alongside a few remaining employees, Mr. Bankman-Fried spent the weekend calling around in search of new commitments from investors

Brad Stone / Bloomberg:
Sequoia’s 14,000-word SBF profile by journalist Adam Fischer was mishandled and, since being deleted, has served no purpose other than to embarrass the firm  —  A now-infamous profile of the fallen FTX founder illustrates the predictable dangers of corporate content creation.  But first…

Helen Partz / Cointelegraph:
Hours after announcing an emergency deal with Binance, FTX CEO Sam Bankman-Fried deletes a Twitter thread saying the exchange and assets were “fine”  —  Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”