Ripple (XRP) CEO Brad Garlinghouse said that they may be interested in buying some assets and subsidiaries belonging to the recently bankrupt FTX.
CEO Brad Garlinghouse spoke to The Sunday Times about FTX and Sam Bankman-Fried. Garlinghouse said that some of FTX’s assets and commercial customers companies serving with the purchase that they can care stated.
from FTX bankruptcy two days ago Stating that Bankman-Fried called him and was looking for investors to provide liquidity, Garlinghouse said in that speech that FTX owned and Whether there are companies that Ripple would like to buy asked:
Part of my talk was about the potential presence of businesses that it might buy or that we would like to own if it needs liquidity. Could we buy some of these from him? I think this is definitely on the table.
In that conversation between the two, there was a clear could not be decided and just talk about possibilities was done. Then, 2 days later, FTX formally filed for bankruptcy, which US Chapter 11 bankruptcy filing made under. After that point, the process a complex and challenging Stating that the situation has become worse, CEO Garlinghouse continued his statement as follows:
Since FTX has filed for Chapter 11 bankruptcy in the US, I think a possible transaction for an FTX-owned business will go “very different from a one-on-one”. I’m not saying we’re not interested in this sort of thing, though, I’m sure we will. However, this will be a more difficult way to trade.
Connected to FTX, including FTX.US, approx. 130 companies It was included in the bankruptcy filing in Delaware. Although the fate of these companies and how the FTX case will be shaped is not yet clear, it is possible that the big formations in the crypto money industry will take these companies in the coming period.