TechFlow news — On November 16, according to Reuters, the day after Binance founder CZ took to Twitter to announce he would sell FTT, SBF told executives that FTX was out of money. They then calculated that Alameda could sell around $3 billion in assets within hours. SBF began reaching out to Tether for help but was rejected.
Additionally, SBF attempted to raise $7 billion from investors including Sequoia Capital, Apollo Global, and TPG Inc., all of which declined. According to messages SBF sent to advisors, he also sought assistance from Japan's Nomura Holdings and Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF).Original link
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