Crypto having its 'Lehman-Bear Stearns moment' -analyst
STORY: FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals.
FTX's predicament marks a stunning downfall for the 30-year-old crypto executive who was once worth nearly $17 billion, but in a matter of days transformed from his status of industry savior to the one who needed saving.
