New CEO Kraken Denies FTX Acquisition Rumors

Kraken’s new CEO has denied the rumors of acquiring FTX and called FTX and SBF “thieves”.

After Binance rejected the acquisition of FTX after discovering uncontrollable financial vulnerabilities, rumors surfaced that FTX approached Kraken as a potential partner.

In an interview with Fortune, David Ripley, the incoming CEO of crypto exchange Kraken, denied the rumours. He stated that the rescue of FTX was never involved, and will not say more.

“We’re constantly getting more inbound acquisition inquiries than I myself can keep track of, but there was never any legitimate discussion on acquiring FTX at any point,(…). It wouldn’t make sense for Kraken on a number of fronts.”

He said

David Ripley also emphasized that Kraken does not have any risk associated with FTX, DCG or any entity related to SBF, even bluntly stated that FTX and SBF are completely scams, even is a thief.

“I think, what it boils down to from all the information we have [and] this bankruptcy report that has now been released is that FTX and SBF are complete frauds – not just frauds, but thieves,”

Ripley said

Previously asked about SBF’s scam allegations, Binance CEO CZ also expressed surprise and shared that he also recently realized.

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