CEO Sam-Bankman Fried doesn't care about "losing money" if the bailout of for platforms is facing difficulties that are really meaningful for the future development of the industry as a whole .

FTX CEO declares "not afraid" to lose money to help crypto grow, reveals plans to buy Bitcoin
FTX CEO declares "not afraid" to lose money to help develop, reveal plans to buy

FTX exchange and investment funds has offered relatively “expensive” bailouts for platforms as BlockFi ($400 million) and crypto company Voyager Digital ($250 million) amid a widespread market downturn. Despite receiving help from FTX, Voyager Digital still has to file for bankruptcy, but Mr. Sam Bankman-Fried claims he is not "depressed" and will be ready to help more.

The top FTX leader said at the Bloomberg Crypto Conference taking place in New York on July 19 as follows:

“We can make a bad deal at a moderate price to save a certain crypto company that is on the verge of crisis, to bring a lot of development and constructive benefits in this space. "

In addition, Mr. Sam Bankman-Fried revealed that through conversations from companies who have difficulty contacting FTX for help, most of them are not so clear about the company's financial picture. company. This is also the minimum requirement to keep FTX on the negotiating table.

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with CEO Changpeng Zhao (CZ). In June 2022, CZ once stated that it should not “rescue” crypto companies that adversely affect the market. only looking to help a few companies that have financial problems but can fix them or have great potential when they return to the market in a stable position.

Interestingly, because of the above opposing views, both Binance CEO and FTX CEO have directly "confronted" each other on social networks, a topic of particular interest to the community in the past two weeks.

Returning to the main topic, besides affirming that he "doesn't mind" injecting money to support the market, CEO Sam Bankman-Fried also shared that FTX has begun to prepare to buy if price decrease to a certain level.

“Actually, there was a “pretty good” price for Bitcoin. We sat down together to discuss this strategy.

In general, it can be partly guessed that the CEO of FTX is implying that the current price zone is likely to be the "bottom" of the stock market. Bitcoin in this downtrend. Coincidentally, in a discussion with Former Goldman Sachs CEO and Real Vision CEO Raoul Pal, he also made the same comment when assessing the macroeconomic state and the market's recovery after the crisis. panic.

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