CTO Tether confirmed!!! There are no plans to help or lend money to FTX.

Stablecoin’s CTO, Paolo Ardoino, confirmed that the company doesn’t have any. “Plan to invest or lend money to FTX/Alameda”

Ardoino’s comments came afterreportFTX currently has a $9.4 billion deficit, with FTX CEO Sam Bankman-Fried reaching out to several companies seeking cash to keep the exchange running.

According to the report, Tether, OKX and venture capital firm Sequoia Capital are some of the companies that Bankman-Fried contacted, reportedly asking for $1 billion or more.

It is not currently known whether OKX or Sequoia Capital is considering sponsoring.

However, Lennix Lai, OKX’s director of financial markets. tellReuters on Nov. 9 said Bankman-Fried asked for up to $4 billion to help cover FTX’s liquidity problems.

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