According to Reuters, Sam Bankman-exchange Fried’s was in talks to fund $9.4 billion with a number of investors earlier today. One of the potential rescuers was Loeb’s Third Point. It is unclear whether the struggling exchange will be able to find enough funding to avert possible bankruptcy.
In order to move Tron-based assets from the failed trading platform to external wallets, FTX and Tron have already negotiated an agreement.
Loeb, though, called the allegations regarding his alleged involvement in the FTX drama “fake news” and denied any connection. After Binance chose not to purchase the exchange, the exchange’s future remains uncertain.
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