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 ...
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