TechFlow news: Tribe Capital stated that in January 2023, the firm's co-founder Arjun Sethi met with FTX's unsecured creditors committee to discuss a proposal to revive the exchange.
As part of the plan, Tribe is considering raising $250 million and has already secured $100 million in support from its parent company and investors.
In addition, FTX's creditors committee said it is evaluating all options to restart or sell the exchange and create value for creditors. Tribe Capital, founded in 2018, is one of FTX's investors.
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