, told the paper that although he believes the worst of the industry's ills have been "flushed out of the system," he's betting a billion dollars that he can save it from further self-harm., that the company fielded calls from more than two dozen doomed crypto firms seeking Bankman-Fried's generosity. Among the callers, Arora claims, was the, whose withdrawal suspension is believed to have caused much of the whole domino effect crypto crash in the first place.
And it doesn't end there. Bankman-Fried told the paper that FTX keeps "a few billion" in US dollars to cut deals, though he wasn't specific about what further bailouts he's planning. Like in traditional finance, confidence is everything in the crypto world. If this 30-year-old billionaire's sangfroid is to be believed, the industry only needs a billion dollars worth of help to bounce back.