FTX could relaunch - and one of its former VC backers may lead a $250 million funding round to revive the failed exchange, report says

• Tribe Capital may lead a $250 million funding round to reboot FTX, according to Bloomberg.
• Tribe's cofounder Arjun Sethi held talks with the failed crypto exchange in January, sources said.
• The VC firm and its partners could provide $100 million to fund the relaunch, Bloomberg said.

FTX could relaunch – and one of its former backers might round up hundreds of millions of dollars' worth of capital to aid its revival efforts, Bloomberg reported on Tuesday.