Some third-tier bitcoin exchanges are close to bankruptcy. This was stated by FTX CEO Sam Bankman-Fried in an interview with Forbes.

The billionaire said he is aware of the risks of providing liquidity to BlockFi and Voyager Digital, which are facing problems as a result of the possible collapse of hedge fund Three Arrows Capital.

“We’re willing to make a little bad deal if that’s what it takes to stabilize the situation and retain customers.”explained.

Bankman-Freed-related Alameda Research could lose at least $70 million in the deal with Voyager, according to publication sources. The crypto broker’s current capitalization indicates bankruptcy risks.

The head of FTX is far from altruistic and not ready to “save” all troubled companies.

“Some have gone too far. They are not worth supporting if there is a significant gap in the balance sheet, regulatory difficulties or there is not much work left to salvage.”Bankman-Fried explained.

The entrepreneur is concerned about ongoing problems in the industry due to the established practice of paying generous interest on deposits that work during a bull market. Companies have loaned at higher rates or funded in DeFi protocols, but now that has stopped working.

The high enterprise scaling rate was also characteristic of miners, which attracted the attention of the head of FTX.

Bankman-Fried called speculations about Tether’s collapse unfounded.

“I don’t think there is any evidence to support them” explained.

Recall that recently the head of FTX denied information about his plans to take over the online broker Robinhood.

Bankman-Fried said in May that the exchange would spend “billions” of dollars buying shares in other companies to expand its product line.

Earlier, a similar argument was made by Binance CEO Changpeng Zhao about the inappropriateness of bailing out “bad companies”.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.