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SBF tells investors FTX needs $8B in emergency funding: WSJ

Published 11/09/2022, 09:54 PM
Updated 11/09/2022, 11:40 PM
SBF tells investors FTX needs $8B in emergency funding: WSJ

Sam Bankman-Fried has reportedly asked investors for $8 billion in emergency funding to cover a shortfall caused by the flood of withdrawal requests to his crypto exchange in recent days.

According to a report in the Wall Street Journal (WSJ) citing "people familiar with the matter,” the CEO reportedly made the request to investors in a Nov. 9 call where he outlined ways to help solve FTX's financial woes.

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