The corrupt exchange run by 29-year-old billionaire Sam Bankman Freud was worth only 18 18 billion. Currency News | Financial and business news
- FTX, a corrupt exchange founded by 29-year-old Sambank Man Freud, has announced that it has raised 900 900 million for a value of 18 18 billion.
- Although Benchman Freud was previously valued at 20 20 billion, its value has lagged behind.
- FTX is still a smaller deal than its main competitors Bainus and Coin Base.
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FTX, a corrupt exchange founded by 29-year-old Sambank Man Freud, announced on Tuesday that it had raised 900 900 million in Series B financing, valued at 18 18 billion.
“I am surprisingly disappointed with the support we have received,” Bankman Freud said in a statement. “This is our first major fundraiser, but through it we have built a very valuable set of partners.” ۔ ”
The fundraising round attracted high-profile participants, including Masioshi’s son Softbank, Paul Tudor Jones and Sequoia Capital.
Alfred Lin, a Sequoia partner, said in a statement that Bankman Freud was the “perfect founder” for FTX, which could soon become “an important financial exchange for all types of assets.”
Although Benchman Freud had previously sought less than ڈالر 20 billion in touch, its value has lagged behind. FTX, which was founded in 2019, increased its average daily turnover 11 times between October and April this year. The exchange now averages over سے 10 billion.
FTX is still a smaller deal than its main competitors Bainus and Coin Base. For comparison, Binance North has an average daily volume of north 75 billion and a coin-based public market value of 47 47 billion.
One Twitter user offered to fundraise his insolence, writing, “The world’s poorest billionaires become more billionaires.”
“Ah, I’ll take it.” Bankman replied Friday, Valued at an estimated 7 8.7 billion.