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

Published 10/12/2022, 11:45 AM
Updated 10/12/2022, 01:20 PM
Bankman-Fried: Rescue market is drying up, and we’re all to blame for its existence

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 made most of the moves we anticipated making for now.”

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