Sam Bankman-Fried Seeks To Raise $4.9B For FTX

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Sam Bankman-Fried; Photo Source: Business Insider

Sam Bankman-Fried reportedly aims to raise $4.9B from investors and other crypto platforms.

According to Sam Bankman’s leaked Slack message to the FTX team, the exchange will focus on raising funds over the next week.

“The goal of this raise will be first to do right by investors; second by current and possible new investors; third all of you guys.”

Following Binance terminating its deal with FTX, TRON’s Founder, Justin Sun voiced his intentions to support FTX. TRON and FTX have now reached an agreement whereby holders of TRX, BTT, JST, HT, and SUN tokens will be allowed to exchange their assets on a 1:1 ratio with external wallets.  

Moreover, FTX seeks to acquire roughly $1B from Justin Sun alone.



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Lennix Lai, Managing Director at OKX, noted that Sam requested OKX to “urgently” supply $2-4B funds to escape its liquidity crisis earlier this week. Lai added,

“Sam said he was talking with a few other potential investors, so he needed an urgent decision from us.” 

FTX is looking to raise another $2M from a group of investment funds and seeks to acquire the remaining capital from Daniel Loeb’s Third Point.

Written by
Ayush Pande

Sam Bankman-Fried reportedly aims to raise $4.9B from investors and other crypto platforms.

According to Sam Bankman’s leaked Slack message to the FTX team, the exchange will focus on raising funds over the next week.

“The goal of this raise will be first to do right by investors; second by current and possible new investors; third all of you guys.”

Following Binance terminating its deal with FTX, TRON’s Founder, Justin Sun voiced his intentions to support FTX. TRON and FTX have now reached an agreement whereby holders of TRX, BTT, JST, HT, and SUN tokens will be allowed to exchange their assets on a 1:1 ratio with external wallets.  

Moreover, FTX seeks to acquire roughly $1B from Justin Sun alone.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Lennix Lai, Managing Director at OKX, noted that Sam requested OKX to “urgently” supply $2-4B funds to escape its liquidity crisis earlier this week. Lai added,

“Sam said he was talking with a few other potential investors, so he needed an urgent decision from us.” 

FTX is looking to raise another $2M from a group of investment funds and seeks to acquire the remaining capital from Daniel Loeb’s Third Point.

Written by
Ayush Pande