FTX needs $8 billion to avoid bankruptcy, says CEO SBF

FTX chief Sam Bankman-Fried told investors he needs emergency funding to cover a shortfall of up to $8 billion due to withdrawal requests received in recent days.

Mr. Bankman-Fried said he hoped FTX could raise as much as $3 billion to $4 billion in equity, and that the exchange could raise some debt, too.

[Via]

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