Sam Bankman-Fried, in an interview with Reuters on July 6, stated that he and the FTX exchange have a few billion dollars more stock to respond to crises that may occur in the ecosystem.
The headquarters of the FTX exchange Bahamas30 years old living in Sam Bankman-Friedcrypto in recent weeks white knight became. Especially in the past months DeFi crises, CelsiusIt gave life to the sector by providing financial support for the inability of .
Bankman-Fried in the interview, “We will buy a few more companies that reach out to us.” and “These firms are generally not in trouble, but some smaller cryptocurrency exchanges still run the risk of failing.” made statements.
FTX, fireplace focused on digital asset investments in 2 billion dollarsa venture capital fund FTX Venturesannounced the. Since its inception, the fund has made many attempts to help companies that do not have enough liquidity to survive.
FTX CEO’s crypto investment firm Alameda Researchwhich recently faced huge losses on the hedge fund Voyager Digital‘to $200 million cash and one bitcoin given the facility. FTX also June Cryptocurrency lending and staking platform BlockFito 250 million dollarsprovided loan assistance.
In his interview, the CEO says that the purpose of bailouts is to protect customer assets and prevent the domino effect of bankruptcy on the industry.
Creating confidence in users that things will work as advertised is incredibly important and if it breaks it will be really hard to get it back.
Although the CEO stated that they are prepared for the crises that may occur in the future, he stated that he believes that the worst stages of the liquidity crisis are behind.