Thursday, June 8, 2023
99newser
  • Home
  • World News
  • Celebrity News
  • Taxi Rides
  • Online Jobs
  • Health News Updates
No Result
View All Result
99newser
  • Home
  • World News
  • Celebrity News
  • Taxi Rides
  • Online Jobs
  • Health News Updates
No Result
View All Result
99newser
No Result
View All Result

FTX CEO Sam Bankman-Fried Says Bailout Efforts Within Crypto Industry Have So Far Been a Let Down – Here’s Why

Editorial Team by Editorial Team
August 12, 2022
in Uncategorized
0
FTX CEO Sam Bankman-Fried Says Bailout Efforts Within Crypto Industry Have So Far Been a Let Down – Here’s Why
588
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

My London: Louise – Singer – LDNFASHION

Shoes that are popular and out of style this summer, stylists reveal – Insider

Canada wildfires spur air quality alerts; NYC hit by smoke: Live updates – The Washington Post

The chief executive of crypto exchange platform FTX says that the bailout efforts within the crypto industry so far have been lackluster.

In a new interview on Decrypt’s GM Podcast, FTX CEO Sam Bankman-Fried says that other crypto firms need to step up and help him bail out ailing digital assets companies.

“The most important thing that we can do is to make sure we stem the contagion and to protect customer assets. Frankly, I would love it if other people did that. I don’t want to be the person doing that, and I would be super happy if others took that on instead of me.

The reason why I have been doing it is because it doesn’t seem to me that there are others stepping up and doing that.”

The billionaire then says that his efforts to get others within the crypto industry to join in on the bailouts were rebuffed.

“On all of these sort of bailout things we’ve tried, we reached out to everyone we could to assist us, and said ‘hey, you guys interested in working with us on this?’ In general ‘no’ was the answer, or rather, ‘yes’ followed by ‘wait, that company looks like there might be a hole in the balance sheet and maybe there was some mismanagement.’

And we’re sort of like ‘I don’t know what you’re expecting dude, why do you think they’re looking for a bailout?’”

The CEO then says he’s disappointed in the industry for not stepping up to help out ailing companies in need.

“Our sense has been that there, to a disappointing extent, haven’t been that many people who have actually been game to pitch in. And we think that the most important thing is that one way or another, these holes [get] plugged, and we’ll do it if no one else will, and we think that’s the right thing to do.”

Earlier this year, FTX spent hundreds of millions of dollars propping up crypto businesses such as digital assets lender BlockFi.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Boombastic

Source link

Previous Post

Kirk Cousins’s positive test is NFL’s latest coronavirus reminder

Next Post

8 Cool Scrunchies To Tie Your Hair Up In Style

Editorial Team

Editorial Team

Related Posts

TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

My London: Louise – Singer – LDNFASHION

by Editorial Team
June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Shoes that are popular and out of style this summer, stylists reveal – Insider

by Editorial Team
June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Canada wildfires spur air quality alerts; NYC hit by smoke: Live updates – The Washington Post

by Editorial Team
June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

'It's a national disgrace': Ray Mears weighs in on Dartmoor camping … – Okehampton Times

by Editorial Team
June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Australian Lender CBA Plans to Curb Payments to Crypto Exchanges – Bloomberg Law

by Editorial Team
June 8, 2023
Next Post

8 Cool Scrunchies To Tie Your Hair Up In Style

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

The First Auto Knife I've Ever Loved: Buck 'Deploy' Review – GearJunkie

May 12, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

The Crypto Miner Reckoning: No Fate but What We Make – CoinDesk

April 28, 2023

Categories

  • Celebrity News
  • Health News Updates
  • Latest Sport News
  • Stock Market News
  • World News

Don't miss it

TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

My London: Louise – Singer – LDNFASHION

June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Shoes that are popular and out of style this summer, stylists reveal – Insider

June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Canada wildfires spur air quality alerts; NYC hit by smoke: Live updates – The Washington Post

June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

'It's a national disgrace': Ray Mears weighs in on Dartmoor camping … – Okehampton Times

June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Australian Lender CBA Plans to Curb Payments to Crypto Exchanges – Bloomberg Law

June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

COVID-19 Virus Can Fuse Brain Cells, Triggering Brain Fog, Headaches: Study | Weather.com – The Weather Channel

June 8, 2023

Recent News

TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

My London: Louise – Singer – LDNFASHION

June 8, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Shoes that are popular and out of style this summer, stylists reveal – Insider

June 8, 2023
  • Home
  • World News
  • Celebrity News
  • Taxi Rides
  • Online Jobs
  • Health News Updates

© 2020 99newser.com

No Result
View All Result
  • Home
  • World News
  • Celebrity News
  • Taxi Rides
  • Online Jobs
  • Health News Updates

© 2020 99newser.com