FTX Institutional Investors: After Binance announced the acquisition, it was worried that the stake would be cleared

News on November 9, according to foreign media reports, four investors in FTX revealed that the fate of their stakes is still unknown, and they are still trying to figure out how it will be affected by Binance trading. Another investor said they were receiving text messages from limited partners throughout the day, who were worried that the value of the stake would go to zero. In September, FTX was in talks with potential investors to raise up to $1 billion in new funding, which would keep the company’s valuation at about $32 billion, in line with funding earlier this year, as previously reported. FTX has raised nearly $2 billion, according to two people familiar with the matter, with Sequoia Capital and Paradigm as its biggest venture capital backers. (TheInformation)