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Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE - Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City. Craig Barritt | Getty Images Sam Bankman-Fried's crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company&#x27 ;s valuation at roughly $32 billion, according to people with knowledge of the discussions. Negotiations are ongoing and the terms could change, said the sources, who asked not to be named because the talks are confidential. Coindesk previously reported on a coming investment at flat valuation, following FTX's last capital raise in January. Existing investors include Singapore's Temasek, SoftBank's Vision Fund 2 and Tiger Global. An FTX spokesperson declined to comment. While its rivals and peers have been pummeled in this year's " crypto winter ," FTX has tried to bill itself as the market consolidator, swooping ...

watch now VIDEO 24:49 24:49 How I became a crypto billionaire in 5 years Digital Original FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry's recent carnage and said he still has cash to spend if opportunity knocks. It may seem strange. Other multi-billion-dollar crypto giants spiraled into bankruptcy this year. FTX's main competitor, Coinbase, has seen its shares plunge 70% and has laid off a fifth of its workforce as crypto prices crashed. Yet, FTX is somehow emerging as an industry lifeline. The 30-year-old billionaire says it was a result of stashing away ample cash, keeping overhead low, avoiding lending and being able to move quickly as a private company. "It was important that the industry get through this in one piece," Bankman-Fried told CNBC in an interview at FTX headquarters in Nassau, Bahamas. "It's not going to be good for anyone long-term if we have real pain and real blowouts — it's not fair to customers and it...