FTX in talks with investors to raise $1B for further acquisitions — Reports
Cointelegraph
Published Sep 21, 2022 11:21PM ET
Updated Sep 22, 2022 01:00AM ET
Sam-Bankman Fried’s crypto exchange FTX is reportedly engaged in talks with investors to raise $1 billion in new funding, as it looks to utilize extra capital for financial acquisitions during the bear market.
According to a Sept. 21 report from CNBC which cites sources close to the matter, the talks are still ongoing and the details could still be subject to change. If found to be true, the funding amount would keep the FTX’s current valuation of roughly $32 billion intact.
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Written By: Cointelegraph
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