FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round

FTX in talks to raise up to billion at valuation of about billion, in-line with prior round

Crucial Points

FTX is talking with possible buyers about a funding round that would preserve the company’s valuation in-line with a prior financing earlier this year.
The privately held company has been on a buying frenzy all through the “crypto winter.”
Existing investors include things like Singapore’s Temasek, SoftBank’s Vision Fund 2 and Tiger World.

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