Ripple CEO Brad Garlinghouse is reportedly interested in buying certain parts of collapsed crypto exchange FTX. “Part of my conversation was if he needs liquidity, maybe there’s businesses that he has bought or he has that we would want to own [...] Would we have bought some of those from him? I definitely think that was on the table,” he said.
However, Garlinghouse admits that now that FTX has filed for Chapter 11 bankruptcy in the United States, a potential transaction for an FTX business will be “very different than it would have been one-to-one.”
“I’m not saying we won’t look at those things – I’m sure we will. But it’s a harder path to transact,” he added.