FTX to raise $1b at a $32b value, similar to its last deal.

By The Exchange Team

Sam Bankman-crypto Fried's conglomerate FTX is in talks to secure up to $1 billion in new capital, according to people familiar with the talks.

According to unnamed sources, negotiations are ongoing and parameters could alter.

Following FTX's most recent capital round in January, Coindesk previously reported on a forthcoming investment at a flat valuation.

Temasek, SoftBank's Vision Fund 2, and Tiger Global are among the existing investors.

In this year's "crypto winter," FTX has tried to promote itself as a market consolidator, buying troubled assets at a discount.

In this year's "crypto winter," FTX has tried to promote itself as a market consolidator, buying troubled assets at a discount.

Bankman-Fried started FTX three years ago. Bankman-Fried is betting that crypto will rebound, and he'll be ready to profit when it does.