Ripple boss Brad Garlinghouse has said he wants to buy parts of insolvent crypto exchange FTX.
Speaking at Ripple’s exclusive Swell conference in London on November 16-17, Garlinghouse confirmed to The Sunday Times that former FTX CEO Sam Bankman-Fried called him two days before his company filed. its balance sheet to raise needy investment capital and save the trade. Platform.
Our 6th edition #RippleSwell is in progress! I went on stage this morning with @cnbcKaren to discuss all things Ripple, the usefulness of crypto, macroeconomic factors affecting crypto, and much more. A wire… pic.twitter.com/EDHW3nyka8
— Brad Garlinghouse (@bgarlinghouse) November 16, 2022
As stated by the CEO of Ripple, the two major industry leaders discussed FTX deals that might be of interest to the XRP issuer.
“Part of our conversation revolved around companies he owns that we might be interested in. […]. Should we have bought some? I think that was definitely a viable option,” Garlinghouse said.
However, after FTX filed for bankruptcy in the US a few days later, such considerations were ruled out, as now possible partial buyouts are “completely different than before”.
“That doesn’t mean we won’t get back to it, we definitely will, but the path has now become much more difficult,” as the Ripple boss points out.
The FTX Group bankruptcy filing includes a total of 130 affiliates, including FTX US and Alameda Research.
However, some subsidiaries are not affected by the application, these are LedgerX, FTX Digital Markets, FTX Australia Pty and FTX Express Pay.
Garlinghouse would be particularly interested in deals that work directly with corporate clients.
Cointelegraph has reached out to Ripple (XRP) for further comment, but has not received a response as of press time. This article will be updated once feedback is received.