FTX founder and CEO Sam Bankman-Fried told investors that the company would need to file for bankruptcy without a cash injection, Bloomberg News reported.
FTX CEO Sam Bankman-Fried told investors that the company would need to file for bankruptcy without a cash injection, Bloomberg News reported.
FTX founder and CEO Sam Bankman-Fried told investors that the crypto exchange would need to file for bankruptcy without a cash injection, Bloomberg Newsto take over the rival exchange, Bankman-Fried had told the investors that it faced a shortfall of up to $8 billion, Bloomberg cited the person as saying.Bankman-Fried had told investors in a conference call Wednesday afternoon that Binance would not walk away from the deal just about an hour before it finally backed out, the report said.
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