Sam Bankman-Fried, CEO of bitcoin exchange FTX, said on the Decrypt podcast that he doesn’t want to be the only one bailing out “sick” companies in the cryptocurrency industry.

According to him, other giants in the digital assets space do not provide any support.

“I’d be happy if others did it. I’d be very happy if others took over for me. To be honest, I’m doing this because I’m not sure what anyone else will do,” Bankman-Fried explained.

He said that FTX has reached out to other anonymous crypto companies to join forces to “save” the industry. According to him, most of them refused the offer.

He Yi, co-founder of Binance bitcoin exchange, explained to Decrypt that the company is interested in investing in long-term players that will benefit the industry and users.

“Last week, Binance announced $7.5 billion in its venture arm. “We are working on a series of agreements that we will announce when the time comes.”

Earlier, Binance CEO Changpeng Zhao said the company is in “recovery talks” with more than 50 firms. According to him, crypto winter is a great time to expand the team and further develop the business through various acquisitions.

Recall that in June, FTX opened a $250 million revolving credit line to the BlockFi crypto lending platform. A few days ago, Bankman-Freed-affiliated Alameda Research secured a $500 million loan to Voyager Digital.

Later, the US division of FTX gave BlockFi another $400 million revolving loan, giving it the option to buy the platform for $240 million.

In August, Bloomberg reported that Bankman-Fried and Tron Foundation founder Justin Sun is interested in buying a 58% stake in the Huobi bitcoin exchange.

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