People familiar with the matter: FTX is in talks with potential investors to raise $1 billion at a valuation of $32 billion

Crypto exchange FTX is in talks with potential investors to raise up to $1 billion in new funding, CNBC reported citing sources, which would keep the company's valuation at about $32 billion, up from a funding round earlier this year. be consistent. In addition, sources said negotiations are ongoing and terms could change.