FTX Reboot Plan Attracts Interest From VC Firm Tribe Capital: Report

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FTX Reboot Plan Attracts Interest From VC Firm Tribe Capital: Report
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The plan to restart FTX_Official has drawn interest from venture firm Tribe Capital, according to Bloomberg. The FTT token surged on the news. iamsandali reports

has drawn a bid from venture capital firm Tribe Capital, Bloomberg reported on Tuesday, citing people familiar with the matter.FTX ahead of its dramatic collapse in November, is considering leading a $250 million fund raise, with a $100 million commitment from itself, according to the report. A source told Bloomberg that Tribe Capital co-founder Arjun Sethi met with FTX’s official committee of unsecured creditors in January to go over an informal proposal.

"The Committee is working with the Debtors to evaluate all options to reboot or sell the FTX exchanges and create value for creditors," FTX creditors' committeeJohn J. Ray III, the new chief of FTX,

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