Sam Bankman-Fried might be crypto's central banker as bailouts pile up, but others could step in as 'Sam was just the first'
— Head, Blockfi would follow, Million, Managing director, Emerged, Takeover, Jump, 120 million loan, Zhao wrote, Voyager digital — 1 min read
Sam Bankman-Fried has emerged as a central banker-like figure for the crypto market at a time when digital assets are in freefall. Analysts say he won't be alone for long as a rescuer of failing crypto ventures. FTX, the cryptocurrency exchange he founded and helms, is "willing to do a somewhat bad deal here, if that's what it takes to sort of stabilize things," he told Forbes last week. Last month, he offered up to $500 million in cash and cryptocurrencies to Voyager Digital and a $250 million line of credit to BlockFi. Binance founder and CEO Changpeng Zhao has also played the role of crypto savior, analysts say. In April, Binance led a $150 million fundraising round for Sky Mavis, the parent of play-to-earn game Source