FTX Nixes Potential Down Venture Raise, Embarks On Hiring Push

The move comes as founder Sam Bankman-Fried has set in motion an unprecedented buying spree of beleaguered crypto companies The hiring push, sources said, is intended largely to meet the demands of overseeing FTX’s new portfolio companies and managing future acquisitions Behind closed doors, the upper-echelon of executives at cryptocurrency exchange FTX in recent weeks broached the prospect of yet another multibillion-dollar venture round — for the first time, at a lower valuation than previous rounds, according to three sources familiar with the matter. The company, meanwhile, has been entertaining a “quite sizable” hiring push, according to two sources, in

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Author: coinmaker