Tribe Capital in sponsorship of the FTX resuscitation plan (report)

Tribe Capital in sponsorship of the FTX resuscitation plan (report)

Tribe Capital-a risk capital company based in San Francisco-is reportedly considering the management of a $ 250 million donation campaign that could help the bankruptcy-rotting crypto exchange FTX.

• according to Bloomberg Cover met with the committee of the unsecured believers from FTX, to discuss the multi-million initiative.

"Tribe is considering leading a $ 250 million donation campaign, which is anchored by 100 million dollars by himself and his limited partner," said one person familiar with the matter.

• The Unsured FTX's committee admitted that he "works with the debtors to check all options for restarting or selling the FTX exchanges". However, they said that there is currently “no final schedule” for reviving or selling the platforms.
• The FTT of the native token rose by 20 % shortly after the report and reached almost $ 2.30. However, it went back in the following hours.
• The former crypto giant, led by Sam Bankman-Fried, Submitted for insolvency protection in November last after he had not revealed serious liquidity problems and did not meet customer withdrawal applications.
• The event was one of the darkest in the world of cryptography throughout 2022, since FTX was one of the leading companies in his field and once had a value of over $ 30 billion.
• his decline led to catastrophic losses for several investors.
• Lawyers and Insolvenz experts recovered More than $ 7 billion in assets that recently owed customers, and indicated a possible comeback.

.