SBF Hopes for a Hail Mary, Attempts To Raise Funds

FTX’s fallen leader Sam Bankman-Fried appears to still be in the search for alternative funding sources, according to the Wall Street Journal.  While the exchange and its 134 affiliate companies filed for Chapter 11 bankruptcy protection last week, and most employees found themselves jobless, a few loyal soldiers may still be trying to salvage the wreckage. Bankman-Fried, who is presumed to be still in the Bahamas, reportedly spent the past weekend in talks with investors considering funding the $8 billion that the company owes its traders and institutional clients — but to no avail so far.  FTX’s bankruptcy case currently

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Author: coinmaker