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Sam Bankman-Fried’s FTX Crypto Exchange Adds $7 Billion of Value in Three Months

  • More than 60 firms, including Sequoia, Tiger Global, took part
  • Crypto exchange eyes acquisitions, new operating licenses
Sam Bankman-Fried
Sam Bankman-FriedPhotographer: Eva Marie Uzcategui/Bloomberg

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The fast-growing cryptocurrency startup FTX Trading Ltd. said it’s raised more than $420 million in its latest funding round, swelling the company’s valuation to $25 billion.