Sam Bankman-Fried, the co-founder and former CEO of the failed crypto exchange FTX, is facing allegations of funding a group with racist ties. As first reported by The Guardian, FTX trustees allege that payments to the group were made with misappropriated funds. FTX and Lightcone FTX trustees allege that Sam Bankman-Fried and other company insiders used nearly $5 million of misappropriated funds to help a nonprofit called Lightcone Infrastructure purchase the historic Rose Garden Inn hotel. The property, now named the Lighthaven Campus, hosts conferences and workshops on the “Tescreal”