Speaking to CNBC, Sam Bankman-Fried said FTX was willing to help the crypto industry with “hundreds of millions.”
shared by Bankman-Fried notes that FTX announced a joint offer with West Realm Shires Inc., the owner and operator of FTX US, and Alameda Ventures. The company plans to “provide early liquidity to customers of Voyager.” Bankman-Fried said he wanted to offer a better way to help customers get liquidity.Voyager’s customers did not choose to be bankruptcy investors holding unsecured claims.
Bankman-Fried’s CNBC Interview Discusses FTX Ready to Help Distressed Crypto Firms With ‘Hundreds of Millions’ — FTX CEO’s Crypto Oversight Comments Criticized by Shapeshift’s Founderfor CNBC’s “Closing Bell,” and said FTX was willing to deploy “hundreds of millions beyond what we have thus far” to crypto firms suffering from the downturn. Bankman-Fried further said that he would love to see more people stepping in to “[provide] capital to those in need.
The FTX CEO also talked about cryptocurrency markets and noted that he believes crypto regulations will rise in the near future. The interview with Bankman-Fried also touched upon the
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