Ripple Intent With Remaining FTX-Owned Companies

Brad Garlinghouse, the CEO of Ripple, is apparently interested in purchasing some assets from the FTX.

On the fringes of Ripple’s Swell conference in London, Garlinghouse revealed to The Sunday Times that former FTX CEO Sam Bankman-Fried phoned him in an effort to gather investors to save the company two days before it filed for bankruptcy.

Sam Bankman-Fried, the disgraced founder and former CEO of FTX, allegedly called Garlinghouse on Wednesday before the company went bankrupt to recruit investors to save his company.

Despite the grave circumstances, he described his disposition as “chipper.” The two talked about if there were any FTX-owned companies that Ripple would want to own during the discussion, according to the company’s CEO.

“Part of my conversation was if he needs liquidity, maybe there’s businesses that he has bought or he has that we would want to own. Would we have bought some of those from him? I definitely think that was on the table,” Garlinghouse said.

To keep track of all claims made against it, FTX recently named restructuring administration company Kroll as its agent. In addition, the company is also reviewing its assets as part of the bankruptcy process.

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