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.

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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