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The CEO of crypto derivatives exchange FTX said the company still has a significant amount of cash left over for the acquisition.
new interview Speaking on CNBC’s Squawk Box, FTX CEO Sam Bankman-Fried said the company still has about $1 billion in cash ready to help ailing crypto companies.
“So to speak, we didn’t try to empty our coffers. Billions of dollars have been put into this, which is roughly in line with what we raised last year, and is even more profitable.”
When asked if there was about $1 billion left in the budget, Bankman-Fried said:
“Yeah, and then there’s the question of how comfortable we’re going to roll out, seeing that there’s a rough billion in another place that’s completely unhindered. [That] Surely will get you within 2x [of] Correct answer.
Following this year’s sharp market decline, FTX invested in several companies in the crypto space, including Anthony’s Scaramucci hedge fund. skybridge capital.
CEO last month Said He hopes other companies in the industry will help him out to save those hurt by the market downturn.
“Long-term, if you have real pain or breakouts, it’s not good for anyone and it’s not fair to the customer. It’s not good for regulation. In other words, that’s what mattered to the ecosystem.
It is important for people to be able to operate in the ecosystem without fear that the unknown unknown will somehow be blown away.
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