To make it temporary, within the days main as much as FTX’s chapter on Nov. 11, 2022, SBF was frantically attempting to shore up a big gap in his firm’s stability sheet by elevating funds mainly from anybody he may. This reportedly consists of everybody from Silicon Valley VCs, Saudi cash males and even SBF’s archrival ex-CEO of Binance Changpeng Zhao (who reneged on a handshake buyout deal after reviewing the state of FTX’s funds, solely rushing up the continued run on the alternate).
