FTX, a leading crypto exchange, is willing to splash a few billion to help struggling companies amid the present cryptocurrency winter, according to the exchange’s CEO and founder, Sam Bankman-Fried.
Bankman-Fried has recently emerged as the white knight in the crypto sector because he has been giving different digital asset platforms a lifeline by bailing them out.
For instance, he recently injected $250 million in capital into the troubled crypto lender BlockFi with the option of acquiring it. As a result, BlockFi CEO Zac Prince revealed that the company was on track to bolster its balance sheet and general platform strength.
Various firms have found themselves on the receiving end with the crypto market experiencing a bloodbath based on tightened macroeconomic factors.
FTX has been getting requests for help from different companies. “We're starting to get a few more companies reaching out to us,” Bankman-Fried said.
Through his crypto-trading firm Alameda Research, Bankman-Fried...
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