New York It would be a desperate maneuver: According to US media reports, the founder of the failed cryptocurrency exchange FTX, Sam Bankman-Fried, still believes he can raise enough money to compensate his users.
The Wall Street Journal, citing insiders, reported Tuesday that Bankman-Fried spent the weekend with a few remaining employees calling potential investors.
These should therefore close the liquidity gap of up to eight billion dollars in order to compensate the up to one million FTX customers following all.
But efforts to find new investors have so far been unsuccessful, reports say. It also remained unclear what the founder, known as “SBF”, might offer in return for another cash injection.
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“I screwed it up,” Bankman-Fried reportedly said in a conference call with investors. He would be “incredibly, unbelievably grateful” if new investors might help.
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