Friday, November 11, 2022

FTX CEO Scrambles to Look for $9.4 Billion in Rescue Funds as Bahamas Freezes Assets

FTX CEO Sam Bankman-Fried is said to be looking to raise about $9.4 billion (roughly Rs. 75,960 crore) from investors and rivals, discussing raising $1 billion (roughly Rs. 8,080 crore) each from Justin Sun, the founder of crypto token Tron, rival exchange OKX and stablecoin platform Tether.

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