FTX founder Sam Bankman-Fried attempts to raise cash - WSJ

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November 15, 2022 9:05 AM EST

FILE PHOTO: FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS/File Photo

(Reuters) - Founder of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, is seeking commitments from investors to raise fresh cash, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The former chief executive and a few remaining employees at FTX have spent the past weekend calling around in search of commitments from investors, the report said.

The Wall Street Journal could not determine if any investors have committed. A spokesperson for FTX did not immediately respond to a Reuters request for comment.

The company has been scrambling for funds since earlier this month after larger rival Binance backed out of a deal to buy FTX.

(Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)


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