Tiger Global, SoftBank Stare Down Fresh Losses on FTX Wagers

The FTX.com fiasco has ensnared some of the biggest names in finance.

Tiger Global Management, Third Point and Altimeter Capital Management are among hedge funds that recently participated in funding rounds for Sam Bankman-Fried’s once-high-flying crypto exchange, which now faces existential threats as regulators descend and a rival’s proposed bailout appears far from certain.

Brevan Howard Asset Management’s Alan Howard, the family office of Paul Tudor Jones and Millennium Management founder Izzy Englander also chipped in as angel investors, alongside celebrities including Gisele Bundchen and Tom Brady.

FTX was valued at $32.5 billion early this year, ...