FTX to Conduct Fundraise Next Week: Reuters
The raise could end up being for FTX International and FTX US combined.
Updated May 9, 2023 at 4:02 a.m. UTC
![Former FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)](https://www.coindesk.com/resizer/j6gWrAz4xSgsc46q76TRC83l7XU=/567x425/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/SQIA5FR3XZD45C42OHL6ZAFK7Q.jpg)
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.