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