Crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding at a valuation of approximately $32 billion.
While its competitors and peers have been battered by this year’s “crypto winter”, FTX has attempted to swoop in as a market consolidator.
After its proposal to buy Voyager following its bankruptcy was rejected in July, FTX has remained on the hunt. According to recent reports, FTX and Binance are now among the leading bidders for the bankrupt crypto lender’s assets.
Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.
