Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
See all Stories
Sure, it might sound like a bad idea to invest in a bankrupt exchange with more accusations of fraud than anything else we’ve seen on this side of Enron, but the Wall Street Journal reports Sam Bankman-Fried is asking around anyway.
Mr. Bankman-Fried, alongside a few remaining employees, spent the past weekend calling around in search of commitments from investors to plug a shortfall of up to $8 billion in the hopes of repaying FTX’s customers, the people said.
In Mr. Bankman-Fried’s case, the funds aren’t meant to sustain a bare-bones staff, but to repay individual traders and institutional clients who have been unable to get funds out, the people said.
