Crypto exchange FTX is in talks to raise more funding, Bloomberg reports
FTX, the crypto exchange giant founded by Sam Bankman-Fried, is in talks to raise fresh funding, Bloomberg reported on Wednesday.
The firm is seeking a similar valuation to January, when it raised $400 million at a $32 billion valuation in a Series C round, according to the report, which cited unidentified people familiar with the matter. Both FTX and FTX.US, its American unit, are seeking funds.
This is a breaking story and will be updated.
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Author: Andrew Rummer
