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- Sam Mentioned, “It OK to Bail out something from a difficult situation.”
- Sam is ready to help other firms fight the volatility of the market.
Sam Bankman, Fried Chief executive officer of FTX Crypto Exchange company, mentioned in his statement, “He is not worried about losing some small amount of money if that money is helping to revive the crypto market.”
Further, Sam Mentioned, “It OK to Bail out something from the difficult situation” Sam helped many Crypto Lender that is facing a bad phase or are on the verge of meeting bankruptcy and more; he said he is ready to help more.
Sam Said, “He and his firm are always ready to talk to others and will possibly help them to survive in the market in these times of crypto winters.
Sam and FTX helped a famous crypto firm, Voyager, with a million of funds, but the firm failed to bail them out, and last June and in July, Voyager filed bankruptcy due to a lack of Funds and severe decline of the Crypto market.
Sam is in touch with other crypto exchanges and companies in the crypto sector who are struggling in the crypto market due to market volatility. and Stated a famous statement that is getting famous in the crypto market “Nothing was on Fire.”
Moreover, Sam said in his statement that other firms are not clear about the financial picture of their firm, but still, we are ready to purchase Bitcoin and other cryptocurrencies from the market prices.
Conclusion
Sam Bankman Fried Helped many Crypto exchange firms in bailing out from Financial Crisis. Many of them survived in the market, and two-three of them have met bankruptcy. It is a bad phase for many small crypto exchange companies to survive in the market in such a severe downtrend when the top most acquired cryptocurrency is facing a downtrend and while writing this article price of Bitcoin was $23 650.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
