ICYMI: Bankman-Fried says his firms may deploy ‘hundreds of millions’ to backstop struggling crypto industry
FTX CEO Sam Bankman-Fried told CNBC that he would be willing to spend “hundreds of millions beyond what we have thus far and in some cases more than that” to backstop firms affected by crypto’s recent market crash.that FTX and FTX US are in talks to raise fresh funds, following a spending spree that saw the firm deploy nearly $1 billion over two weeks in June.
In an interview with CNBC today, FTX CEO Sam Bankman-Fried said that he would be willing to spend “hundreds of millions beyond what we have thus far and in some cases more than that” to backstop firms affected by crypto’s recent market crash.that FTX and FTX US are in talks to raise fresh funds, following a spending spree that saw the firm deploy nearly $1 billion over two weeks in June.
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