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SBF Not Ready to Give Up, Looks to Raise Fresh Capital Despite Bankruptcy

Sam Bankman-Fried, the former leader of FTX, seems to still be looking for alternate funding sources in a dire attempt to resurrect his debt-ridden FTX crypto exchange. A few loyal members may still be trying to salvage the debris even though the exchange and its 134 associate companies filed for Chapter 11 bankruptcy protection last week, leaving the majority of staff without jobs.

According to a report, Bankman-Fried, along with a few of the remaining employees, spent the last weekend in the Bahamas, calling potential investors in search of commitments to cover the infamous $8 billion shortfall in the hopes of repaying FTX’s stranded customers.

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