FTX to Conduct Fundraise Next Week: Reuters
Business
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.
Hours after the Binance pull back, Tron founder Justin Sun said that he "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.
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