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Fortune
Fortune
Ben Weiss

Tribe Capital just can’t quit FTX: VC burned by SBF is considering an investment in reboot of bankrupt crypto exchange, report says

John Ray III, CEO of FTX, testifies during the House Financial Services Committee hearing in December 2022. (Credit: Nathan Howard—Getty Images)

Tribe Capital, a venture capital firm that invested in both the domestic and international entities of FTX, is weighing whether it should help restart the now-bankrupt cryptocurrency exchange.

In January, Arjun Sethi, the firm's cofounder, met with FTX’s committee of unsecured creditors to talk over the informal proposal, according to those familiar with the matter, reported Bloomberg. Tribe Capital discussed leading a $250 million fundraising effort, with $100 million from itself and its partners.

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