FTX Faces Up to $8B Shortfall, Bankruptcy Is Likely Without Cash Injection

SBF told investors that FTX would need to file for bankruptcy without a cash injection, Bloomberg reports.

According to a person with direct knowledge of the matter, SBF informed investors that FTX faced a shortfall of up to $8 billion, before Binance walked away from the deal. FTX was attempting to raise capital in the form of debt, equity, or a combination of both.