- FTX rescued Voyager Digital by extending a kind of two-piece line of credit.
- FTX acquired Canada’s Bitvo exchange in June.
“Here you get the issues of definition, how comfortable we should really feel about posting. Saying that there are a billion other stadiums that are completely unrelated to it, would definitely get you within twice the right answer.”
Help during difficult times
To beat the market crash, the exchange played an essential role in bailing out cryptocurrency projects. Furthermore, Bankman-Fried emphasized the difficult decisions involved in executing bailouts and acquisitions.
In one such case, FTX rescued Voyager Digital by extending some kind of two-piece credit limit, Bankman-Fried reported. The initial amount, $70 million, was completely available for immediate use. The CEO stated that they know they might miss out on it.
According to Bloomberg, FTX acquired Canadian exchange Bitvo in June. The help of a cryptocurrency lender is Celsius before undoing the transaction. Moreover, on the other hand, consumers have been warned about the FTX crypto exchange. by the UK Financial Conduct Authority (FCA) due to the illegal presence of the stock exchange on the territory of the UK.
The Financial Conduct Authority (FCA) issued a statement saying that “virtually all businesses and individuals who offer, promote or sell financial services or products in the UK must be licensed or registered by us” and that FTX “is not authorized by us and is aimed at persons in United kingdom “.
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British regulator warns consumers against FTX crypto exchange
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