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FTX to Conduct Fundraise Next Week: Reuters
The raise could end up being for FTX International and FTX US combined.
Troubled crypto exchange FTX will conduct a fundraise next week, Reuters reported, citing an internal memo.
The raise could end up being for FTX International and FTX US combined. The news come a day after FTX's deal to sell itself to rival Binance fell through.
STORY CONTINUES BELOW
Hours after the Binance pull back, Tron founder Justin Sun said that he is "putting together a solution" for the beleaguered FTX.
In the memo cited by Reuters, FTX founder Sam Bankman-Fried said that he has held talks with Sun for a fundraise.
UPDATE (Nov. 11, 13:22 UTC): Adds details from Reuters, background and additional details.
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
