FTX to Conduct Fundraise Next Week: Reuters

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Parikshit Mishra

Parikshit Mishra is the news editor for CoinDesk during the mid Asia and early European hours. He does not have any crypto holdings.

Troubled crypto exchange FTX will conduct a fundraise next week, Reuters reported, citing an internal memo.

The raise could end up being for FTX International and FTX US combined. The news come a day after FTX's deal to sell itself to rival BINANCE fell through.

Hours after the Binance pull back, Tron founder Justin Sun said that he is "putting together a solution" for the beleaguered FTX.

In the memo cited by Reuters, FTX founder Sam Bankman-Fried said that he has held talks with Sun for a fundraise.

UPDATE (Nov. 11, 13:22 UTC): Adds details from Reuters, background and additional details.

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