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FTX approaches crypto exchange Kraken for funds: Report
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moneycontrol.comFTX has approached Kraken as potential rescue partner, Axios reported on Thursday, citing two people familiar with the matter, just hours after Chief Executive Sam Bankman-Fried said he had launched an urgent push to raise funds.
Bankman-Fried had earlier in the day said he was in talks with "a number of players" in the crypto sector, including Justin Sun who is the founder of crypto token Tron to rescue his cryptocurrency exchange.
FTX did not immediately respond to a Reuters request for comment.
Separately, the Wall Street Journal reported that FTX tapped into billions of dollars worth of customer assets to fund risky bets by its sister crypto trading company Alameda.
Read more on moneycontrol.comAbout this in other media
FTX Aftermath: Crypto-To-Fiat Solution Swapin Cuts Fees By 65% To Support Crypto Community cryptonews.com /1 year ago
FTX Used $10 Billion of Customer Funds to Prop Up Alameda Research, Lost it All – What Happens Next? cryptonews.com /1 year ago
California regulators to investigate FTX crypto exchange collapse cointelegraph.com /1 year ago
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