Sam Bankman-Fried Says FTX Has 'A Few Billion' To Support Failing Crypto Companies

Sam Bankman-Fried,  the founder and CEO of FTX , has said the company has “a few billion” to bail out other cryptocurrency companies. What Happened:  In a recent interview with Reuters , Bankman-Fried said that FTX still has enough cash to do a $2 billion deal if needed. Over the past few weeks, FTX has been actively involved in providing distressed cryptocurrency companies with much-needed financial relief. FTX entered a $680 million agreement with cryptocurrency lender BlockFi,  which included a $400 million revolving credit facility and an option to acquire the firm at $240 million, conditional on ... Full story available on