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News

Ripple Intent With Remaining FTX-Owned Companies

November 20, 2022 - Around 2 mins mins to read
Brad Garlinghouse, the CEO of Ripple, is apparently interested in purchasing some assets from the FTX.
Ripple Intent With Remaining FTX-Owned Companies

On the fringes of Ripple’s Swell conference in London, Garlinghouse revealed to The Sunday Times that former FTX CEO Sam Bankman-Fried phoned him in an effort to gather investors to save the company two days before it filed for bankruptcy.

Sam Bankman-Fried, the disgraced founder and former CEO of FTX, allegedly called Garlinghouse on Wednesday before the company went bankrupt to recruit investors to save his company.

Despite the grave circumstances, he described his disposition as “chipper.” The two talked about if there were any FTX-owned companies that Ripple would want to own during the discussion, according to the company’s CEO.

“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,” Garlinghouse said.

Ripple Intent With Remaining FTX-Owned Companies

To keep track of all claims made against it, FTX recently named restructuring administration company Kroll as its agent. In addition, the company is also reviewing its assets as part of the bankruptcy process.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Alameda Research

Brad Garlinghouse

FTX

Ripple

Sam Bankman-Fried

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Ripple Intent With Remaining FTX-Owned Companies

Brad Garlinghouse, the CEO of Ripple, is apparently interested in purchasing some assets from the FTX.
Ripple Intent With Remaining FTX-Owned Companies

On the fringes of Ripple’s Swell conference in London, Garlinghouse revealed to The Sunday Times that former FTX CEO Sam Bankman-Fried phoned him in an effort to gather investors to save the company two days before it filed for bankruptcy.

Sam Bankman-Fried, the disgraced founder and former CEO of FTX, allegedly called Garlinghouse on Wednesday before the company went bankrupt to recruit investors to save his company.

Despite the grave circumstances, he described his disposition as “chipper.” The two talked about if there were any FTX-owned companies that Ripple would want to own during the discussion, according to the company’s CEO.

“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,” Garlinghouse said.

Ripple Intent With Remaining FTX-Owned Companies

To keep track of all claims made against it, FTX recently named restructuring administration company Kroll as its agent. In addition, the company is also reviewing its assets as part of the bankruptcy process.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

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