FTX's Bankman-Fried begged for a rescue even as he revealed huge holes in firm's books

2022/11/16 08:35

According to Reuters, FTX founder sought to raise $7 billion from investors including Sequoia, Apollo, TPG, three sources say. FTX also turned to Nomura and Saudi wealth fund. FTX and trading affiliate Alameda, nominally independent, both listed same assets on their books. Records seen by Reuters show FTX diverted large share of fee income to Alameda, posted big loss earlier this year.

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