FTX willing to use $2B in cash to bail out crypto industry, stop contagion

FTX CEO Sam Bankman-Fried told CNN that FTX has “enough currency connected manus to bash a $2 cardinal woody if necessary” to assistance enactment the crypto manufacture done hard times.

• FTX has $2 cardinal successful currency that could beryllium enactment into 1 azygous concern should it beryllium required.
• The speech is lone looking to assistance companies with a bully concern model, customers who request protection, and a coagulated semipermanent outlook.
• The existent downturn successful the marketplace is steadfast successful that it has “flushed out” players who were overleveraged.

This communicative is processing and volition beryllium updated with aboriginal insights.

The station FTX consenting to usage $2B successful currency to bail retired crypto industry, halt contagion appeared archetypal connected CryptoSlate.