Ripple Considers FTX Trades With Garlinghouse

It has been claimed that Ripple CEO Brad Garlinghouse is considering buying key aspects of the defunct cryptocurrency exchange FTX. Garlinghouse told The Sunday Times that former FTX chief executive Sam Bankman-Fried called him two days before the company filed for bankruptcy as it sought to rally investors to bail out the business. The conference was held on November 16 and 17, and took place on the sidelines of Ripple’s Swell conference in London, which took place on November 16 and 17.

During the call, according to the Ripple CEO, the two discussed whether or not there were companies owned by FTX that Ripple could acquire “that they would like to own.”

Garlinghouse admits, however, that in light of FTX’s recent decision to file for Chapter 11 bankruptcy in the United States, any potential transaction involving an FTX business will be more difficult “a radical departure from how they would have been done.” things one by one.” -a.

“It’s not that I don’t think we’ll take a look at those things; I’m sure we will.

However, it is a more difficult path to process,” he continued.

There were about 130 companies connected to FTX that were listed in the bankruptcy petition that was filed in Delaware. One of the companies was FTX.US.

Garlinghouse expressed interest in purchasing the components intended to serve corporate customers.

It seems that Ripple executives, like many others in the industry, are keeping abreast of the latest developments in the situation involving FTX.