FTX Revival Effort Draws Possible Bid From Tribe Capital (1)

FTX’s potential plan to reboot its crypto exchange has attracted interest from Tribe Capital, a venture firm that invested in the platform before FTX collapsed and is now considering a fresh capital injection to jump-start the effort.

Tribe co-founder Arjun Sethimet with FTX’s committee of unsecured creditors in January to discuss the informal proposal, according to people familiar with the matter, who asked not to be identified discussing confidential talks. Tribe is considering leading a $250 million fund-raising campaign, anchored by $100 million from itself and its limited partners, one of the people said.

Founded in 2018, Tribe was ...