Ripple is Interested in Buying FTX Assets
Shutterstock
Main page News, Cryptocurrency Exchanges, FTX
Hot topic
Nov. 21, 2022

Brad Garlinghouse, CEO of fintech firm Ripple, has said the company is mulling the possibility of buying assets belonging to crypto exchange FTX.

The company would reportedly be particularly interested in customer service-oriented divisions.

Last November 11, FTX Group filed for Chapter 11 bankruptcy. The group includes approximately 130 legal entities, including Alameda Research and FTX Trading.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

Garlinghouse has said that FTX founder Sam Bankman-Fried called him when he was trying to raise funds to save the business. According to him, they discussed whether the exchange has divisions that Ripple "would like to acquire."

Garlinghouse has added that after the platform filed for bankruptcy, the conditions under which he is willing to buy its assets have changed.

Read also:
Please describe the error
Close