Sam Bankman-Fried says Alameda Research to wind down trading, FTX attempting to raise capital • ZebethMedia

Sam Bankman-Fried said on Thursday that he will be winding down his trading firm Alameda Research, and is attempting to raise liquidity for the troubled FTX International exchange, as he scrambles to keep the world’s second largest crypto exchange alive after a bailout deal with Binance failed earlier this week.
Bankman-Fried said he is engaging with a “number of players” and discussions are at various stages including letter of intents and termsheets. He also said that FTX’s U.S. business is “fine” and “100% liquid.”
The 30-year-old entrepreneur, hailed as a wunderkind, said he assumes all responsibility for the mess FTX’s at and any raise for FTX International unit will be first used to do right by the customers.
(Developing story)

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to Zebeth Media Solutions

You may contact us by filling in this form any time you need professional support or have any questions. You can also fill in the form to leave your comments or feedback.

We respect your privacy.