Cryptocurrency industry’s leading stock market FTXannounced how much cash he had in his safe.
Lately Voyager, Huobi and BlockFi Known for its attempts to buy all or part of crypto money platforms such as cryptocurrency announced that he has at least $1 billion in his vault to buy his platform.
Participating in CNBC’s Squawk Box Sam Bankman-Fried, founder and CEO of FTX (SBF) made important statements.
“To be honest, we didn’t try to empty the safe.
We had several billion dollars set aside for acquisitions. Even though this figure has decreased, we received our capital with the investments we collected last year, and we even made a profit on top of it.”
Stating that FTX helps crypto money platforms that have liquidity problems in the challenging conditions of the bear market, SBF said that it is not easy to make recovery and purchase decisions.
“We only had a few days to make some of these decisions.
As FTX, we had key factors in these decisions. These were to protect customers and make sure they were protected, to stop distress from spreading into the ecosystem.”
Talking about the sense of responsibility that FTX needs to keep crypto businesses afloat, SBF said that it is important to try to find a solution for the crypto ecosystem in the long run.
“If we have real pain, real outbursts, it’s not going to be good for anyone in the long run.
Not helping and keeping quiet was not fair to customers, and it wasn’t good for the industry’s regulatory efforts.
It is important for people to exist in the ecosystem without fear.”
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