TL;DR Breakdown
SBF unhappy other top crypto firms are not providing bailout.
Binance to join FTX with bailout.
CEO of FTX crypto exchange, Sam Bankman-Fried, has expressed his reservations towards other ‘healthy’ crypto firms for failing to offer a bailout to competing crypto firms hit hard during the recent crypto crash.
SBF spoke on Wednesday during a podcast nothing that he would be happy if other top crypto firms provided bailouts for smaller firms outside FTX exchange. “I would love it if other people did that,” Bankman-Fried said.
“I would be super happy for others to take that on instead of me. The reason that I have been doing it, frankly, is because it doesn’t seem clear to me that there are others who are stepping up and doing that.”
Sam Bankman-Fried’s promise to bailout crypto firms
SBF, back in June, announced that his exchange would provide a $250 million credit injection to crypto firm BlockFi. This came after BlockFi announced it was cutting its staff owing to...
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