Crypto exchange FTX has 'a few billion' to support industry - Bankman-Fried

Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a "few billion" on hand to shore up struggling firms. FTX has become crypto's white knight in recent weeks, throwing lifelines to struggling firms which have faltered as cryptocurrencies prices have cratered. Bitcoin is down around 70% from its all-time November high of nearly $69,000. The crash in cryptocurrency prices, referred to as "crypto winter," may have bottomed, as prices have stabilized, but it will largely depend on the macro-economic situation, he said. The goal of the bailouts was to protect customer assets and stop contagion from ricocheting through the system. Source