TechFlow News — Recently, in an interview with CNBC’s financial program "Squawk Box," FTX CEO Sam Bankman-Fried stated that the company still holds approximately $1 billion in over-the-counter cash, ready at any time to assist struggling cryptocurrency firms.
He explained: "We're not trying to deplete our reserves. Instead, we've deployed billions of dollars—roughly in line with the amount we raised last year—and we've also achieved profitability. If the crypto industry suffers, if the market collapses, it benefits no one—not customers, not regulators, and certainly not the broader ecosystem. From a long-term perspective, helping crypto companies overcome difficulties is ultimately what matters most for the health of the entire ecosystem."
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