FTX in talks to raise up to $1 billion

According to a Sept. 21 report from CNBC which cites sources close to the matter, the talks are still ongoing and the details could still be subject to change. If found to be true, the funding amount would keep the FTX’s current valuation of roughly $32 billion intact.

The potential $1 billion funding round would add to the $400 million FTX raised in January, and could signal strong investor faith in the firm despite the sector undergoing a lengthy crypto winter.