SBF denies FTX is eyeing distressed crypto mining companies

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Sam Bankman-Fried has dampened rumors that FTX is on the lookout for distressed mining companies to buy, clarifying on Twitter that they “*aren’t* really looking into the space.”

Bankman-Fried also stated during the interview that crypto miners had no fit into the company’s core strategy and that he saw no synergy from an acquisition standpoint.

“From a strategic perspective, there's no particular obvious synergy necessarily from an acquisition standpoint,” he added.Bankman-Fried was asked whether he was looking into mining firms amid a falling crypto market that has seen Bitcoin mining revenues fall sharply this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Interesting to know how much usdt they earn every day

Please buy out Voyager we need a savior many speak suicide, loss of housing for families, life savings,divorce and me my health. You are our only hope! I beg you it was unjust Voyager mislead us.

Bitgert

HyperNation8 HyperNFTpro The Democratic Elections used today are easily corrupted with embezzlement, abuse of power, scandals and other severe problems. In HyperNation we tend to eliminate all this through the system of DAO! Watch more here: hypernation

🐸KERMIT INU🐸 The generation of meme coin with 1000x potentional! With it's huge influencer backing, low tax and notorious team it's surely destined to the moon! Market Cap : 180k TG: Twitter:Kermitinu kermit BSC BSCGems

How do get around paying taxes on this?

Australia Australia Latest News, Australia Australia Headlines