FTX needs emergency funding amid withdrawal requests – WSJ

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Published: Nov 9, 2022, 22:36 GMT+00:00

(Reuters) - FTX Chief Executive Sam Bankman-Fried told investors on Wednesday that the cryptocurrency exchange needs an emergency funding to cover a shortfall of up to $8 billion due to withdrawal requests received in recent days, the Wall Street Journal reported, citing people familiar with the matter.

(Reuters) – FTX Chief Executive Sam Bankman-Fried told investors on Wednesday that the cryptocurrency exchange needs an emergency funding to cover a shortfall of up to $8 billion due to withdrawal requests received in recent days, the Wall Street Journal reported, citing people familiar with the matter.

FTX did not immediately respond to a Reuters request for comment.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Maju Samuel)

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