In a recent tweet, American billionaire investor Daniel S. Loeb denied being involved in bailout talks for the embattled FTX exchange.
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.
Bitcoin (BTC) Hits Crucial Price Level: Details, Here's Why Shiba Inu (SHIB) Is Moving Like Snail, Solana (SOL) Pushes to $300 as Billions in Volume Flow In
Legendary Trader Bollinger Issues Major Ethereum "Warning"
Satoshi Nakamoto's Historic Bitcoin Forum Journey Started 15 Years Ago
Binance Issues Important Alert to Crypto Community, Here's Why
Alex DovbnyaAdvertisement
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.
Arman Shirinyan
Dan Burgin
U.Today Editorial Team
Vladislav Sopov