Bankrupt crypto exchange FTX's plan to restart operations has drawn a bid from venture capital firm Tribe Capital, Bloomberg reported on Tuesday, citing people familiar with the matter.
Tribe, whose portfolio included FTX ahead of its dramatic collapse in November, is considering leading a $250 million fund raise, with a $100 million commitment from itself, according to the report. A source told Bloomberg that Tribe Capital co-founder Arjun Sethi met with FTX’s official committee of unsecured creditors in January to go over an informal proposal.
