In this regard, Bankman-Fried said he hopes that other industry representatives will also take the stance that he is leading FTX by offering ransom to those affected after the crypto market an area or arena, online or offline, in which commercial dealings are conducted. crash.
- Bankman-Fried would like others to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. the affected companies as well.
- FTX has wired at least USD $750 million to BlockFi y a Voyager Digital digital technologies are these electronic tools that have the ability to generate, store or even process data.
- The exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. is taking the opportunity to promote its expansion plan.
El CEO del exchange FTX, Sam Bankman-Fried, pointed out that to date he has drawn through his companies at least some USD $750 million to support businesses affected after the market crash, and noted that it would be good if other industry representatives would also take a targeted approach in supporting those most in need within the crypto space at this time.
More people are needed who are willing to help the sector.
Bankman-Fried’s statements came to light during the an interview for the podcast Gm made by the media Decrypt , where the businessman reviewed a little of what they have been doing to support entities like BlockFi y Travelling, with which it opened lines of credit to enable them to continue operating despite the adverse conditions of the crypto winter.
On the need for other companies to adopt a similar approach, Bankman-Fried commented:
“I would love for other people to do that… I would be very happy for others to take that on in my place. The reason I’ve been doing it, frankly, is because it’s not clear to me that there are others who are stepping up and doing the same.”
The CEO of FTX He also revealed that they even approached companies that were apparently doing well after the market crash, and although there were refusals to accept support, he did find that there were entities that could have used a helping hand, discovering in the process that no one had taken the position to offer them assistance.
Según Bankman-Fried, hay empresas que están en muy buena posición para hacer esto, pero sus equipos de inversión no han considerado ofrecer acuerdos para rescates. Tengamos presente que en el pasado el directivo aseguró que la intención es tratar de ayudar a empresas reputadas a salir del bache que supuso para todos la caída del mercado, dado que posiblemente no habían previsto esta situación, cosa para la que tenían disponibles varios miles de millones en su cartera.
The statements of the CEO of FTX contrast somewhat with the position of the top executive of the Binance, Changpeng Zhao, who said they are also supporting those affected, but does not feel that everyone deserves that lifeline because the states of insolvency could be due to many factors.
In this regard, Zhao said that there are companies that basically fall under the weight of their bad decisions and that he does not agree to support those who were affected by irresponsible handling of their finances. In that sense, he revealed that to Binance proposals have come in much earlier than FTX, but that they do not envisage funding them all.
In a recent interview with Decrypt, Zhao said:
“A lot of companies have little money, that doesn’t mean that most of them are bad companies. And those things we’re perfectly willing to do. And we’re seeing a lot of deals like that… And some of them are really good deals. So I think you’ll see that we’ll be investing, rescuing, safeguarding a number of projects.”
Not necessarily altruism
In view of the position taken by Bankman-Fried, several analysts view with suspicion the statements made by the CEO of FTX, claiming that this altruistic position could hide other intentions.
In a recently published report, the attorney for Voyager Digital, Joshua Sussberg, revealed that the company rejected a buyout offer submitted by FTX en su momento porque era demasiado baja, y agregó que estos simplemente buscaban un acuerdo que fuese beneficioso para ellos pensando a mediano – largo plazo, en lugar de querer apoyar a la compañía.
Although the proposal also empowered the customers of Travel could open accounts in FTX and that the exchange Sussberg argued that this was the only way to ensure the liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. of the affected parties. “a very low offer disguised as a white knight’s ransom.” . Es decir, no había intenciones de ayudar a la empresa o a los afectados, sino que solo beneficiaría a la empresa, y por ende la rechazaron de forma muy respetuosa.
On the other hand, the CEO of FTX said at another time that they would try to take advantage of the current state of the market, for which they contemplated deepening their expansion plans.
- Reddit announces partnership with FTX to promote the use of community points
- Voyager Digital rejected FTX buyout proposal “because they were offering too little,” company lawyer says
- FTX is in talks for a possible acquisition of Korean exchange, Bithumb
Article by Angel Di Matteo / DiarioBitcoin
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