FTX CEO Sam Bankman-Fried said he would look at Celsius but didn’t see much room for a “rescue market”. He hopes that FTX can soon begin returning the money left in Voyager to investors. FTX bought Voyager’s assets at auction after the company rejected the buyout offer.

“I’m sure there’s something we haven’t seen yet, but we don’t know much about it. There are no big deals,” Bankman-Fried said of the so-called bailout market, speaking at DC FinTech Week on Oct. 11. “There are bigger bankruptcies coming up that we may or may not play a role in, but I think we have made most of the moves we expect to make at this point.”

Regardless, FTX will continue to interact with the market. The company “will look at whether it’s efficient in terms of the amount we can spend in the business versus the balance sheet amount we want to spend on it,” Bankman-Fried said.

Tune in at 2:30 a.m. for CNBC’s Keith Rooney and Sam Bankman-Fride to talk liquidity in troubled markets. https://t.co/MnAn9uQO7A @SBF_FTX @GtownLawIIEL #DCFintechWeek #derivatives pic.twitter.com/vjDhfye455

— The IFM (@The_IFM) October 11, 2022
Bankman-Fried was evasive about the bankrupt crypto-lending company Celsius. “As with most cases like this, we’ll almost certainly see. […] I don’t know if ultimately that will mean we’ll do something there or not.” However, he was more optimistic when talking about Voyager, saying he hoped to start returning money to investors soon.

Bankman-Fried said there is enough guilt in the spread of the crypto winter:

“My main source of regulators is that there is a price to pay for inaction. It was a collective inaction. […] Everyone, including our industry, has a role to play and blame for not being more productive and constructive in regulatory question before.”
“At least there should have been more transparency,” he added, as many investors were overwhelmed by a string of crypto bankruptcies.

Source: CoinTelegraph

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