FTX needs emergency funding amid withdrawal requests – WSJ
6:21 pm Wednesday, November 09th, 2022
(Reuters) – FTX Chief Executive Sam Bankman-Fried told investors on Wednesday that the cryptocurrency exchange needs an emergency funding to cover a shortfall of up to $8 billion due to withdrawal requests received in recent days, the Wall Street Journal reported, citing people familiar with the matter.
FTX did not immediately respond to a Reuters request for comment.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Maju Samuel)
