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Sam Bankman-Fried Says FTX Attempting to Raise Capital

FTX

Sam Bankman-Fried says that FTX s attempting to raise liquidity for the troubled platform following a roller coaster week, adding that he will be winding down the trading firm Alameda Research as a Binance bailout deal fell through.

Bankman-Fried said that he is engaging with a “number of players” to raise capital for FTX’s international business and those discussions are at various stages, according to a number of posts made from his Twitter account.

FTX’s U.S. business is “fine” and “100% liquid,” Bankman-Fried claimed.

“I’m sorry. That’s the biggest thing. I fucked up, and should have done better,” he said.

“Every penny of [any fundraise] that–and of the existing collateral–will go straight to users, unless or until we’ve done right by them. After that, investors–old and new–and employees who have fought for what’s right for their career, and who weren’t responsible for any of the fuck ups,” he said.

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