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Crypto's white knight says he has a ‘few billion' to rescue industry

1 month ago   |   By New York Post

Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a “few billion” on hand to shore up struggling firms that could further destabilize the digital asset industry, but that the worst of the liquidity crunch has likely passed. Bankman-Fried, 30, who is from California but lives in...
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Sam Bankman-Fried says the worst of the crypto liquidity crisis is likely over with FTX holding 'a few billion' to prop up failing ventures

Sam Bankman-Fried says the worst of the crypto liquidity crisis is likely over with FTX holding 'a few billion' to prop up failing ventures

1 month ago   |   By Business Insider

Sam Bankman-Fried co-founded the crypto exchange FTX in 2019. FTX
Sam Bankman-Fried says that the worst of the cryptocurrency rout afflicting companies is over.
He told Reuters Wednesday that FTX still had "a few billion" in cash to help struggling ventures.
The FTX chief has already made loans to companies including BlockFi and Voyager Digital.
The worst of the ongoing cryptocurrency rout that sent tokens plummeting and caused the collapse of some firms is over, FTX's Sam Bankman-Fried said in an interview with Reuters on Wednesday. He said that his exchange still had "a few billion" on...
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