FTX Targeted BlackRock, Google for Urgent Funding Before Collapse But Deal Never Materialized

FTX engaged BlackRock and Google as potential investors as the exchange struggled with liquidity issues in fall 2022.

A spreadsheet shown as evidence indicates 15 firms were targeted for an urgent funding round, with varying chances of investing.

The spreadsheet shows 6 firms, including a16z and General Atlantic, declined to participate in the mid-2022 funding attempt.

FTX's former general counsel testified the fall 2022 funding round never closed and no investments were made.

Earlier testimony indicates the Saudi Crown Prince considered buying FTX equity but it did not work out.