Crypto exchange FTX is looking to raise more money as the company seeks to expand its portfolio during the market downturn.
FTX is talking with potential investors about a funding round that would keep the company's valuation in-line with a prior financing earlier this year.Existing investors include Singapore's Temasek, SoftBank's Vision Fund 2 and Tiger Global.Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE - Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City.
Sam Bankman-Fried's crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company's valuation at roughly $32 billion, according to people with knowledge of the discussions. Negotiations are ongoing and the terms could change, said the sources, who asked not to be named because the talks are confidential.
previously reported on a coming investment at flat valuation, following FTX's last capital raise in January. Existing investors include Singapore's Temasek, SoftBank's Vision Fund 2 and Tiger Global.Download NBC 5 Dallas-Fort Worth
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