SBF Caught Playing

During Sequoia Meeting November 10, 2022

FTX Chief SBF was

League of Legends in the middle of a meeting with Sequoia Capital partners.

It comes amid the uncertaininty as FTX fears insolvency.

SBF is looking to raise

in equity with the exchange potentially raising some debt to cover the shortfall, the report said.

SBF reportedly requested $8 billion in

from investors to cover a shortfall caused by a surge in withdrawal requests to FTX in recent days.

In his

call, SBF outlined ways to help solve FTX’s financial woes , reports said.

According to WSJ, FTX Chief will use his

to make customers and investors whole.

FTX is seeking rescue financing in the form of a combination of debt and equity in order to

reports said.