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.
