The CEO of the FTX exchange, Sam Bankman-Fried, said that his company has enough funds left to freely spend on helping cryptocurrency companies.
In an interview with CNBC, Sam Bankman-Fried said that his exchange is ready to continue all possible assistance to cryptocurrency companies in financial difficulty. He said that FTX has at least $1 billion, which he plans to use to acquire the assets of troubled firms or help cryptocurrency projects.
After the cryptocurrency market plummeted, FTX has already invested in several firms such as the Canadian exchange Coinberry and the American trading platform Robinhood. In addition, the head of FTX spoke about plans to acquire BlockFi digital asset platform, crypto lender Voyager Digital, and South Korean crypto exchange Bithumb.
In an interview with CNBC reporters, Bankman-Fried reiterated his statement about the social responsibility of the big players in the crypto industry to other, less successful players in the industry. During an economic downturn, the stronger must help the weak survive, he said.
“In the long run, no one will benefit from the fact that we will be accompanied by losses and suffering. This is especially unfair to customers. And this will not lead to anything good, since it is extremely important for any ecosystem to remain healthy and safe,” Bankman-Fried said.
Earlier, Bankman-Fried noted the prospects for the transition of Ethereum to PoS. In his opinion, in the long run, the merger will benefit Ethereum, but in the early stages it is quite reasonable to expect some turbulence and potentially inevitable losses.
Source: Bits
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