Talks with rival Binance about a rescue ended on Wednesday night and Mr Bankman-Fried is now seeking funds elsewhere. He told investors on a call he would be “incredibly, unbelievably grateful” if they could help, Bloomberg reported.
“Right now, we’re spending the week doing everything we can to raise liquidity,” he tweeted last night. “I can’t make any promises about that. But I’m going to try. And give anything I have to if that will make it work.”
Any cash flowing in from investors will simply go to pay off customers.
So there won’t be any cash flowing in, will there?