As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman–Fried worked the phones in a futile bid to raise $7 billion in emergency funds.
Hunkered in his Bahamas apartment, Bankman–Fried toiled through the night, calling some of the world’s biggest investors, including Sequoia Capital, Apollo Global Management Inc and TPG Inc, according to three people with knowledge of the matter.
