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 cash to trade $ 2 billion as needed” to support the crypto industry in difficult times. ..

• FTX has $ 2 billion in cash, which can be used for a single investment as needed.
• Exchanges are solely intended to support good business models, customers in need of protection, and companies with a solid long-term outlook.
• The current downturn in the market is healthy in that it has “washed out” over-leveraged players.

This story is evolving and will be updated with future insights.

Post-FTX is willing to spend $ 2 billion in cash to bail out the crypto industry, and stopping the transmission first appeared on CryptoSlate.