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Sam Bankman-Fried says Alameda Research to wind down trading, FTX attempting to raise capital

Bankman-Fried said in a series of tweets that he is engaging with a “number of players” to raise capital for FTX’s international business and those discussions are at various stages including reaching letter of intents and termsheets deliberations. FTX’s U.S. business is “fine” and “100% liquid,” he said. He did not disclose the names of the firms or individuals he is engaging, but one of them appears to be Justin Sun, the founder of Tron blockchain. Axios reported on Thursday that Bankman-Fried is also in talks with Kraken, another large crypto exchange. The 30-year-old entrepreneur, hailed as a wunderkind, said he assumes all responsibility for the mess FTX’s at and any raise for FTX International unit will be first used to do right by the customers. “I’m sorry. That’s the biggest thing. I fucked up, and should have done better,” he said. (Developing story) Sam Bankman-Fried says Alameda Research to wind down trading, FTX attempting to raise capital by Manish Singh originally published on TechCrunch

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