TechFlow news, according to a person familiar with the matter, FTX needs $4 billion to remain solvent and is attempting to raise rescue funding in the form of debt, equity, or a combination of both.
Earlier reports indicated that FTX CEO Sam Bankman-Fried (SBF) told investors the company faces an $8 billion shortfall and is seeking to raise funds through debt, equity, or a mix of both. Additionally, SBF admitted that FTX has significant financial deficiencies, stating that without capital injection, FTX would file for bankruptcy.Original link




