Two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange.
the crypto community and said that he and his team would be seeking funds from investors, two reports say SBF is seeking up to $9.4 billion in financing.says “people familiar with the matter,” claim SBF has been asking investors for roughly $8 billion. The report further says that SBF hopes to raise “as much as $3 billion to $4 billion” from investors.that SBF has been canvassing for roughly $9.4 billion.
Bankman-Fried is discussing raising about $1 billion from crypto-token Tron founder Justin Sun, $1 billion from cryptocurrency exchange OKX, $1 billion from cryptocurrency firm Tether, and $2 billion from a consortium of investment funds, the source said.
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