Tribe Capital, a San Francisco-based venture capital firm, is reportedly exploring the possibility of putting new capital to revive the bankrupt cryptocurrency exchange, FTX. Bloomberg reported on April 18 that Tribe Capital is considering leading a $250 million fundraising campaign, with $100 million from itself and its limited partners. The venture capital firm's proposal in January included an estimated 9 million customer accounts, FTX US, FTX Australia, FTX Japan, FTX EU, FTX International and LedgerX. However, the proposal excluded a venture capital portfolio and crypto assets, among others.
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