HONG KONG, Nov 10 (Reuters) – (This Nov. 9 story has been refiled to appropriate hyphenation in headline)
FTX CEO Sam Bankman-Fried has appealed for a $2 billion to $4 billion money injection from OKX on Monday morning simply previous to the announcement of the now collapsed acquisition mooted by arch rival Binance, stated a senior govt at OKX.
The CEO of the troubled trade had offered “plenty of urgency” in searching for that amount of money injection throughout a name on November 8, as this may have helped FTX survive a short-term liquidity disaster, stated Lennix Lai, director of economic markets at OKX.
The attraction for money injection has come as FTX was going through a $7 billion whole legal responsibility, stated Lai, citing Bankman-Fried’s remark made within the name.
FTX has approached OKX for a deal because it wanted to outlive by way of a slew of withdrawal requests, Lai stated, citing the a number of calls he had with Bankman-Fried on Nov. 8.
“If FTX doesn’t get speedy money injection, they’d go bankrupt,” stated Lai, he recalled their dialog throughout a later name at 7 a.m. Hong Kong time.
“Sam stated he was speaking with a couple of different potential buyers, so he wanted an pressing decison from us,” he stated.
Reporting by Georgina Lee; Enhancing by Jacqueline Wong
: .