FTX to Conduct Fundraise Next Week: Reuters

The raise could end up being for FTX International and FTX US combined.

AccessTimeIconNov 10, 2022 at 1:11 p.m. UTC
Updated May 9, 2023 at 4:02 a.m. UTC
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Troubled crypto exchange FTX will conduct a fundraise next week, Reuters reported, citing an internal memo.

The raise could end up being for FTX International and FTX US combined. The news come a day after FTX's deal to sell itself to rival Binance fell through.

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  • Hours after the Binance pull back, Tron founder Justin Sun said that he is "putting together a solution" for the beleaguered FTX.

    In the memo cited by Reuters, FTX founder Sam Bankman-Fried said that he has held talks with Sun for a fundraise.

    UPDATE (Nov. 11, 13:22 UTC): Adds details from Reuters, background and additional details.



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    Parikshit Mishra

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