Sunday, February 5, 2023
99newser
  • Home
  • World News
  • Celebrity News
  • Stock Market News
  • Health News Updates
  • Latest Sport News
No Result
View All Result
99newser
  • Home
  • World News
  • Celebrity News
  • Stock Market News
  • Health News Updates
  • Latest Sport News
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
587
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

The Stream About Nothing: Twitch's AI-Generated, 'Seinfeld' Like Show Gets Weird – HuffPost

The Throwback Body Jewelry Trend Having A Major 2023 Comeback – Glam

Mount Washington Records Coldest Wind Chill Ever: Minus 108 Degrees – The New York Times

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

Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

The Stream About Nothing: Twitch's AI-Generated, 'Seinfeld' Like Show Gets Weird – HuffPost

by Editorial Team
February 4, 2023
Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

The Throwback Body Jewelry Trend Having A Major 2023 Comeback – Glam

by Editorial Team
February 4, 2023
Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

Mount Washington Records Coldest Wind Chill Ever: Minus 108 Degrees – The New York Times

by Editorial Team
February 4, 2023
Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

Website Hack: Best Ways to Make Money Online For Beginners – Reader's Digest

by Editorial Team
February 4, 2023

Cómo, cuándo y dónde poner las plomadas en la línea de pesca

by Editorial Team
February 4, 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

7 Buzzy Korean Fashion Brands Approved by Celebrities and K-Pop Stars

7 Buzzy Korean Fashion Brands Approved by Celebrities and K-Pop Stars

December 8, 2022
Everytime Ben Affleck and Jennifer Lopez taught a masterclass in couple dressing

Everytime Ben Affleck and Jennifer Lopez taught a masterclass in couple dressing

July 19, 2022

Categories

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

Don't miss it

Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

The Stream About Nothing: Twitch's AI-Generated, 'Seinfeld' Like Show Gets Weird – HuffPost

February 4, 2023
Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

The Throwback Body Jewelry Trend Having A Major 2023 Comeback – Glam

February 4, 2023
Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

Mount Washington Records Coldest Wind Chill Ever: Minus 108 Degrees – The New York Times

February 4, 2023
Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

Website Hack: Best Ways to Make Money Online For Beginners – Reader's Digest

February 4, 2023

Cómo, cuándo y dónde poner las plomadas en la línea de pesca

February 4, 2023
Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

Caravan, Camping & Motorhome Show 2023 | live for the outdoors – www.livefortheoutdoors.com/news

February 4, 2023

Recent News

Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

The Stream About Nothing: Twitch's AI-Generated, 'Seinfeld' Like Show Gets Weird – HuffPost

February 4, 2023
Mass. Reports 5,160 New COVID-19 Cases, 112 Deaths This Week – NBC10 Boston

The Throwback Body Jewelry Trend Having A Major 2023 Comeback – Glam

February 4, 2023
  • Home
  • World News
  • Celebrity News
  • Stock Market News
  • Health News Updates
  • Latest Sport News

© 2020 99newser.com

No Result
View All Result
  • Home
  • World News
  • Celebrity News
  • Stock Market News
  • Health News Updates
  • Latest Sport News

© 2020 99newser.com