FTX CEO voices support for Tether, claims crypto companies are “secretly unsolvable”.

The founder and CEO of FTXSat Bankman Frieddescribed the current state of the crypto market, in an interview with Forbes. In addition, those in a hurry are support for Attachedthe transmitter of the largest stablecoin USDC of the crypto market,

FTX and bailouts

For abseiling, FTX had recently bailed out BlockFianother crypto liquidity crisis bag exchange. Indeed, he helped the company strengthen his son and returned his strength with a $250 million line of credit.

On the other hand, the exchange had also helped traveldigital, a crypto exchange. I received $500 million in funding to the company last week through the founder’s quantitative trading firm Almeda.

Furthermore, it is not certain that FTX This will be able to recoup the investments and if the help to the business bears fruit for a long time. Slope, SBF I stated that they are contractors “ready to make a bad deal here if it has to be done somehow stabilizing things”.

To discover: Uzbekistan has developed regulations for the mining activity of crypto-currencies.

“Secretly insolvent” stock exchanges.

However, he let me understand that many exchanges will not come out of the current bearish situation. I added that apart from the main ones there are names of exchanges that operate outside the regulations and do not follow the rules KYC. Additionally, he clarified that many companies providing crypto-related services are “secretly unsolvable”.

“Some companies are fundamentally too far ahead. It is impractical to bail them out for reasons such as a large hole in the balance sheet, regulatory issues, or because there is not much business left to save,” the CEO said. FTX.

otherwise, SBF also supported Attached stating that the company can be trusted. In return, in light of the fact that many stablecoin issuers are getting some heat from the community cryptolack of transparency Attached sparked criticism.