Sam-Bankman Fried, co-founder and CEO of FTX, said he was not worried about losing some of the money. If his grant keeps the crypto infrastructure intact
“It’s okay that we probably won’t do a good enough deal,” the industry leader said bluntly at the Bloomberg Crypto Summit in New York on Tuesday, with Bankman-Fried saying the need to be “the best in the world.” “Good and creative performers in this space” may be needed. “Burning a small amount of money”
“This may not be about whether it is a good return on investment or not. But it is more about maintaining the health of the broader industry.”
Bankman-Fried’s FTX and Alameda Research It has offered high-cost support to crypto lender BlockFi and crypto broker Voyager Digital amid widespread market downturn and Bankman-Fried. said he was more than ready to help.
Bankman-Fried said his conversations with other crypto companies showed that Many people are still unclear about their financial condition.” “The first step is ‘Do we know what happened?’”
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