SBF Caught Playing League Of Legends During Sequoia Meeting

FTX Chief SBF was spotted playing League of Legends in the middle of a meeting with Sequoia Capital partners.

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It comes amid the uncertaininty as FTX fears insolvency.

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SBF is looking to raise $3 billion to $4 billion in equity with the exchange potentially raising some debt to cover the shortfall, the report said.

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SBF reportedly requested $8 billion in emergency funding from investors to cover a shortfall caused by a surge in withdrawal requests to FTX in recent days.

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In his November 9 call, SBF outlined ways to help solve FTX’s financial woes, reports said.

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According to WSJ, FTX Chief will use his personal wealth to make customers and investors whole.

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FTX is seeking rescue financing in the form of a combination of debt and equity in order to avoid liquidation, reports said.

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