SBF and Alameda step in to prevent crypto collapse contagion

SBF and Alameda step in to prevent crypto collapse contagion


Sam Bankman-Fried’s (SBF) Alameda Research is “stepping in” to prevent further contagion across the crypto sector during the current bear market.

Numerous crypto companies are facing liquidity issues (of varying severity) as a result of the strong market downturn throughout 2022. Major firms such as Celsius and Three Arrows Capital (3AC) are both reportedly on the brink of insolvency, and could potentially bring others down with them if they were to collapse.

During an interview with NPR on June 19, SBF stated that given the stature of his companies Alameda and FTX, he believes they “have a responsibility to seriously consider stepping in, even if it is at a loss to ourselves, to stem contagion.”

Trending: Boston Hospital LOSES Baby’s Remains, Claims She Was Thrown Away With Soiled Linens and Medical Waste

“Even if we weren’t the ones who caused it, or

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend