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FTX to seek $1.5B in new funding round at $32B valuation

FTX to seek $1.5B in new funding round at $32B valuation

FTX CEO Sam Bankman-Fried is looking to raise a total of $1.5 billion for the global cryptocurrency derivatives exchange and U.S. affiliate, FTX.US. The funding round would potentially value FTX at $32 billion and FTX.US at $8 billion.

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