In an interview with CNBC, FTX CEO Sam Bankman-Fried (SBF) said he is willing to spend “hundreds of millions of dollars more than what we’ve had to date, and in some cases more,” to support those affected by Companies affected by the cryptocurrency market crash.
Most recently, Bankman-Fried acquired Canadian exchange Bitvo and clearing house Embed, and also struck deals to provide revolving credit lines to troubled cryptocurrency companies BlockFi and Voyager.