Garlinghouse said that the former CEO FTX Sam Bankman-Fried (SBF) called him two days before the company filed for bankruptcy as SBF sought to attract investors to rescue the business.
Our 6th annual #rippleSwell is underway! I took the stage this morning with @cnbcKaren to discuss all things Ripple, crypto utility, economic factors affect crypto, and much more. A thread… pic.twitter.com/EDHW3nyka8November 16, 2022
The Ripple CEO said on the call that the two discussed whether there are any FTX-owned businesses that Ripple “would like to own.”
“Part of the conversation: SBF said that if he needed liquidity, among the businesses he has, would Ripple intend to own some of those businesses? I will definitely consider it.”
However, Garlinghouse acknowledged that now that FTX has filed for Chapter 11 bankruptcy in the United States, a potential transaction for an FTX-owned business would be "very different from a direct transaction."
"I'm not saying we won't look at those things - I'm sure we will. But it is a more difficult trading path.”
About 130 FTX-affiliated companies, including FTX.US, have been filed for bankruptcy in Delaware.
Some subsidiaries are not included in the proceedings including clearing house cryptocurrency LedgerX, FTX Digital Markets, FTX Australia Pty and payment processor FTX Express Pay.
Garlinghouse said he would be interested in purchasing parts that serve enterprise customers.
It seems that Ripple executives, like many in the industry, are keeping an eye on the latest developments in the FTX drama.
On November 10, Ripple's chief technology officer, David Schwartz, sent a message on Twitter to FTX employees, suggesting that Ripple would be happy to be their home, as long as they are not involved. compliance, finance or business ethics.”
FTX recently appointed restructuring management firm Kroll as its representative to monitor all claims against FTX and ensure interested parties are kept informed of developments throughout its bankruptcy. surname.