FTX and its US division FTX US, led by Sambankman Fried, are in talks to raise new funding, Bloomberg News report July 20th.
Cryptocurrency exchanges reportedly raised $ 400 million in FTX’s $ 32 billion valuation and $ 400 million in FTX US’s $ 8 billion valuation, January Series C funding I’m trying to raise money with the same valuation as.
Bloomberg said an FTX spokesperson refused to comment on the funding negotiations.
Prevent cryptographic transmission
Reports of FTX seeking new funding are in the midst of exchange efforts to thwart transmission in the crypto market.
FTX US has expanded its $ 400 million credit line to BlockFi in the midst of a cryptocurrency winter. The credit facility came with an option for the exchange to buy the suffering company for $ 240 million, depending on its performance.
SBF’s Alameda Ventures also provided Voyager Digital with a $ 200 million and 15,000 Bitcoin (BTC) loan on June 22nd. However, it was later revealed that another SBF-related company, Alameda Research, was in debt to Voyager for $ 377 million.
Bloomberg reports that SBF has committed about $ 1 billion to save others during the crypto market crash.
The post-FTX, which is in talks to raise money, first appeared on CryptoSlate as spending was scattered to prevent transmission.
