Tribe Capital considers reviving bankrupt crypto change FTX: Report

Tribe Capital, the San Francisco-based enterprise capital agency that beforehand invested in FTX earlier than its collapse, is exploring the potential of injecting new capital to revive the bankrupt cryptocurrency change, Bloomberg reported on April 18.

The enterprise capital agency is reportedly considering main a $250 million fundraising marketing campaign, anchored by $100 million from itself and its restricted companions. In accordance with Bloomberg, sources conversant in the matter say that Tribe co-founder, Arjun Sethi, met with FTX’s Committee of Unsecured Collectors in January to debate the casual proposal.

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