While many industry participants are terrified of the crypto winter, the FTX exchange formed by Sam Bankman-Fried appears to see only an extraordinary chance to satiate its voracious desire. The most recent target is the well-known Korean site Bithumb.
Bankman-Fried recently stated, with a deceptively casual air, that he still had “a few billion” to “assist crypto firms in difficulties.” Thus, after saving BlockFi from loss, the young FTX CEO is currently in “advanced negotiations” with the Korean platform Bithumb.
In any event, this is the gist of the disclosures gleaned from a person close to the investigation and published by the typically well-informed Bloomberg. According to the same source, the discussions would have begun some months ago.
Bithumb is a well-known Korean cryptocurrency platform. Founded in 2014, it should be mentioned that the exchange recently made headlines after being searched by Korean legal authorities as a result of LUNA’s failure.