FTX in Talks to Raise $1 Billion in Fundraising Round

FTX in talks to raise $1 billion in fundraising round. That would keep the company’s valuation in line with prior financing at the start of the year. Previously, FTX’s latest funding round in January raised $400 million to bring the cryptocurrency exchange’s valuation up to about $32 billion. The company would use any additional capital to "fuel more deal-making," anonymous sources told CNBC. The news agency added that existing investors include Singapore’s Temasek, SoftBank’s Vision Fund 2 and Tiger Global Management.