FTX to Conduct Fundraise Next Week: Reuters

The raise could end up being for FTX International and FTX US combined.

Nov 10, 2022 at 1:11 p.m. UTC

Updated Nov 10, 2022 at 2:18 p.m. UTC

CDCROP: FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk) — FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)

Parikshit Mishra is the news editor for CoinDesk during the mid Asia and early European hours. He does not have any crypto holdings.

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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 is "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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