Sam Bankman-Fried Founder and CEO of FTX tells investors that crypto exchanges May have to file bankruptcy if no cash injection, according to Bloomberg News. reportby referring to a person who has direct knowledge of the situation
Before Binance announced that it would withdraw Bankman-Fried It has told investors the company now faces an $8 billion shortfall, Bloomberg cited the person.
FTX seeks to raise funds in the form of debt, equity, or a combination of both.
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