Sam Bankman-Fried gave $400 million to an obscure crypto-trading firm cofounded by a Jane Street trader just 2 years out of college, report says

• Sam Bankman-Fried sent $400 million to Modulo Capital, an obscure crypto trading firm.
• One of the founders was once romantically involved with Bankman-Fried, per the New York Times.
• Another, the Times said, was just two years out of college.

The founders of an obscure crypto-trading firm given $400 million by Sam Bankman-Fried had close ties to the FTX founder, according to the New York Times.

Modulo Capital was founded in March 2022, before receiving one of Bankman-Fried's largest investments and drawing the attention of investigators.