According to those familiar with the conversations, Sam Bankman-crypto Fried’s conglomerate FTX is in talks with investors to raise up to $1 billion in new capital, which would keep the company’s worth at over $32 billion. Negotiations are ongoing, according to the sources, and the parameters may change. Temasek, SoftBank’s Vision Fund 2, and Tiger Global are among the existing investors in FTX. Because the company, which is domiciled in the Bahamas, is privately held, it has not experienced the stock meltdown that has caused Coinbase to lose three-quarters of its value by 2022.
