Ripple management is interested in subsidiaries of the bankrupt FTX crypto exchange.
Ripple CEO Brad Garglinghouse revealed that FTX CEO Sam Bankman-Fried called him seeking funds to save the exchange. During the conversation, two top managers discussed the possibility of selling subsidiaries of FTX.
“Part of our conversation was whether FTX needed liquidity. And if needed, can it be exchanged for part of the business. Could we have bought some FTX assets? Certainly, we could consider such a possibility. Although the transfer of money would be a difficult task,” explained the CEO of Ripple.
FTX’s bankruptcy filing lists about 130 affiliated companies in addition to the headline. According to Garlinghouse, Ripple is most interested in companies that work with business customers.
Ripple CTO David Schwartz proposed
FTX employees looking for a job to submit a resume to Ripple.
Earlier, Ripple’s general counsel rebuked US officials for their unwillingness to clarify the rules for regulating cryptocurrencies, which could prevent the loss of investors due to the bankruptcy of FTX.
Source: Bits
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