Ripple CEO Will Buy Assets from FTX! The former FTX CEO called Brad two days before the company filed for bankruptcy. About 130 FTX-related companies, including FTX.US, have filed for bankruptcy in Delaware. According to reports, Ripple CEO Brad Garlinghouse is considering buying assets from the first cryptocurrency exchange FTX. The discussion, according to Ripple’s CEO, focused on whether there is an FTX company that Ripple “would like to own”.
Garlinghouse told The Sunday Times on the sidelines of Ripple’s Swell conference in London (which took place on November 16-17) that former CEO Sam Bankman-Fried called him on the phone two days before the company arrived. File for bankruptcy in an attempt to bring in investors to save the company. The CEO said:
- “Part of my conversation was if he needs liquidity, maybe there’s businesses that he has bought or he has that we would want to own […] Would we have bought some of those from him? I definitely think that was on the table.”
Different situations in FTX Bankruptcy filing
In light of FTX’s filing for Chapter 11 bankruptcy in the United States, Garlinghouse acknowledged that any potential deal involving FTX’s business “will be very different than it would be the same.”
About 130 FTX-related companies, including FTX.US, have filed for bankruptcy in Delaware. LedgerX, FTXDigital Markets, payer F TX Express Pay and Australian subsidiary FT X Australia Pty are not part of the process. Specifically, Garlinghouse said he wanted to buy the part to serve customers. In November 10, Ripple’s CTO David Schwartz tweeted a message to FTX employees, stating that their place in Ripple is available as long as they “do not engage in compliance, financial, or …” business ethics’.
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