Crypto billionaire Sam Bankman-Fried, chief executive at FTX, said he and his company still have “a few” billion to backstop embattled digital asset companies, as crypto prices crash and the rather nascent industry struggles with ripple effects from the failure of several major players.
Bankman-Fried told Reuters that the worst of the liquidity crunch had likely passed, after crypto lender Celsius paused withdrawals beginning June 12, while crypto hedge fund Three Arrows and broker Voyager both filed for bankruptcy in the…
