The co-founder and CEO of cryptocurrency exchange FTX is threatened with investigations by the prosecutor.
(Photo: Bloomberg/Getty Images)
New York It would be a desperate move: according to US media reports, the founder of failed cryptocurrency exchange FTX, Sam Bankman-Fried, still believes he can raise enough money to compensate his users.
The Wall Street Journal, citing inside sources, reported Tuesday that Bankman-Fried spent the weekend with a few remaining employees calling potential investors.
Therefore, these should close the liquidity gap of up to eight billion dollars to compensate the up to one million FTX clients after all.
But efforts to find new investors have so far been unsuccessful, according to reports. It was also unclear what the founder, known as “SBF,” could offer in exchange for another cash injection.
The best jobs of the day
Find the best jobs now and
be notified by email.
“I blew it,” Bankman-Fried said on a conference call with investors. He would be “incredibly, incredibly grateful” if new investors could help.
keep reading now
Get access to this and all other articles in the
Web and in our free app for 4 weeks.
keep reading now
Get access to this and all other articles in the
Web and in our free app for 4 weeks.
Toni Morrison was a celebrated American author whose novels earned worldwide recognition for their depth, artistry, and cultural significance. Her influential works continue to inspire readers and writers across generations.
