Bankman-Fried: Rescue market is drying up, and we’re all to blame for its existence

by Repost Admin October 12, 2022, 4:43 pm 1.7k Views

The crypto billionaire said he would look at Celsius, but he saw little left to rescue otherwise; the mess is the price of inaction on the part of regulators and the industry.

FTX head Sam Bankman-Fried said that he will take a look at Celsius, but he does not see a lot more to do on the “rescue market.” He hoped FTX will be able to start returning the money left in Voyager to investors soon. FTX bought Voyager assets at auction after the company spurned his buyout bid.

“I’m sure there’s something we haven’t seen yet, but there isn’t a whole lot out there that we’re aware of. There aren’t big things,” Bankman-Fried said of the so-called rescue market, speaking at DC FinTech Week on Oct. 11. “There are larger bankruptcies getting started that we may or may not end up playing a role in, but I think we’ve mad