SBF sought help from the Saudi sovereign wealth fund and Japan's Nomura Holdings

2022-11-16 16:51:11

Collection

ChainCatcher news, November 16, according to Reuters citing sources, SBF attempted to raise $7 billion from investors such as Sequoia Capital, Apollo Global, and TPG Inc. before FTX announced its bankruptcy restructuring, but was rejected. According to messages SBF sent to advisors, he sought help from Japan's Nomura Holdings and the Saudi sovereign wealth fund - Public Investment Fund (PIF).

Previously, Reuters cited informed sources revealing that SBF was formulating a rescue plan for FTX of up to $9.4 billion. Among them, the plan aimed to raise $1 billion each from Tron founder Justin Sun, OKX, and Tether, totaling $3 billion; the plan aimed to raise $2 billion from other funds and consortiums; the remaining portion would come from other investors. One of the investors currently negotiating with FTX includes Daniel Loeb's hedge fund Third Point. (source link)

Related tags

FTX SBF

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.