FTX Could Put Up A Few Billions Dollars More To Save Crypto, Says CEO

FTX could put up a few billions dollars to save crypto, says CEO.

Crypto exchange FTX has been bailing out troubled crypto firms amid the ongoing bear market.

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"FTX has shareholders and we have a duty to do reasonable things by them and I certainly feel more comfortable incinerating my own money," Bankman said in an interview with Reuters.

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FTX CEO revealed that more and more companies are reaching out to them.

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FTX signed a $240 million deal to bail out crypto lending firm BlockFi.

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Sam Bankman earlier said that they are willing to make “bad deals” if that would help stabilize the industry.

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The young crypto billionaire said that some crypto firms have gone too far to be saved.

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FTX CEO used his own cash to backstop failing crypto companies when it didn't make sense for FTX to do so.

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