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FTX Wants To Raise $9.4 Billion To Get Out Of Crisis

**Sources from Reuters confirmed that FTX is in the process of calling for $ 9.4 billion to restore operations.**

FTX Wants To Raise $9.4 Billion To Get Out Of Crisis 2

According to Reuters, SBF is said to be in discussions with Tron founder Justin Sun to raise $1 billion and exchange OKX to raise $1 billion. Along with that, Tether is also being called by FTX CEO for $1 billion and $2 billion from the consortium of investment funds.

There have been previous allegations that FTX will utilize user funds to fund Alameda loans before investing those funds at a loss in 2022 when the crypto market recovers and has a deficit of up to $10 billion.

CEO Sam Bankman-Fried emphasized that raising funds will be the main emphasis for the upcoming week in a statement to the staff.

As Coincu reported, SBF was discussing with Justin Sun to make the fundraising plan go smoothly.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.