In a recent tweet, American billionaire investor Daniel S. Loeb denied being involved in bailout talks for the embattled FTX exchange.
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Earlier today, Reuters reported that Sam Bankman-Fried’s exchange was in talks with a slew of investors to raise about $9.4 billion. Loeb's Third Point was mentioned among possible rescuers.
It remains to be seen whether the troubled exchange will be able to secure sufficient funding in order to avoid potential bankruptcy.
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However, Loeb described the report about his possible involvement in the FTX drama as “fake news.”
The fate of the exchange continues to hang in balance after Binance decided not to acquire the exchange.
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