Bankman-Fried Seeks $9.4 Billion Package for FTX Rescue-Source

According to Reuters, SBF is seeking to put together a rescue package of up to $9.4 billion for the crypto exchange FTX. It is reported that SBF is discussing raising about $1 billion from crypto-token Tron founder, $1 billion from crypto exchange OKX, $1 billion from crypto firm Tether and $2 billion from a consortium of investment funds. The remainder would come from other investors. One of the investors in talks with FTX is Daniel Loeb's hedge fund Third Point.

SBF has had little progress so far in putting the rescue package together. Yet he has resisted filing for bankruptcy and has refused to appoint restructuring advisers.