Ripple (XRP) Interested in FTX’s Subsidiaries

from the USA cryptocurrency giant Ripple’s (XRP) Its CEO has coveted parts of the stock market, FTX, which crashed dramatically this month due to allegations of fraud and mismanagement.

Garlinghouse chatted with members of the press on the sidelines of the Ripple’s Swell event held in London, England. According to sources, Garlinghouse said he met with Sam Bankman-Fried, the former boss of the stock market, two days before he filed for bankruptcy.

Ripple CEO also touched on the content of the meeting. SBF Garlinghouse, who first talked about how the stock market will get out of this situation, discussed the purchase situation of some of FTX’s subsidiaries in the opposite case.

Brad Garlinghouse, if conditions are ripe FTX stated that it is willing to buy certain parts of the stock market.

“In part of my conversation with SBF, we talked about the liquidity problem of the stock market. Then I negotiated to buy some parts of the struggling stock market. Any chance of buying some units of FTX? I think that possibility is still on the table.”

The Ripple CEO explained to reporters that the process was very complicated, even though he was dealing with some of FTX.

How Many Companies Are Affiliated With FTX?

There are dozens of companies within the bankrupt stock market that filed for bankruptcy protection on November 11. FTX included 130 of its subsidiaries in its bankruptcy filing.

Among these companies, Brad Garlinghouse deals with those that serve commercial clients.

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