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FTX's Bankman-Fried: Seeking capital raise, talked to Justin Sun - memo

Published 11/10/2022, 08:20 AM
Updated 11/10/2022, 08:26 AM
© Reuters. 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

NEW YORK (Reuters) - FTX’s Sam Bankman-Fried told staff in a memo that he was seeking a capital raise and had held talks with Justin Sun, founder of the crypto token Tron, although did not want to imply anything about his chances of success.

© Reuters. 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

In the memo, viewed by Reuters, Bankman-Fried said for the next week he would be "conducting a raise" to do right by customers and "possible new investors."

Bankman-Fried told employees on Wednesday he was exploring all options for his firm after a deal with cryptocurrency exchange Binance collapsed.

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