Cryptocurrency exchange FTX, which has been dragged down by a rush of customer withdrawals, is scrambling to raise about $9.4 billion from investors and rivals
Bankman-Fried has discussed raising $1 billion each from Justin Sun, the founder of crypto token Tron, rival exchange OKX and stablecoin platform Tether, according to the source who has direct knowledge of the matter.
It was not clear, however, whether Bankman-Fried will be able to raise the funds he needs and these investors would participate. One of the 30 to 40 investors in FTX's data room is Daniel Loeb's Third Point, but according to a source familiar with the matter the hedge fund is not discussing giving FTX more money.
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