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FTX’s Bankman-Fried Says It’s Worth Losing Money to Prop Up Crypto Industry
FTX co-founder and CEO Sam-Bankman Fried said he isn’t bothered by losing some money if his bailouts keep the crypto infrastructure humming. “It’s OK to do a deal that is moderately bad in bailing out a place,” the outspoken industry leader said at the Bloomberg Crypto Summit in New York on Tuesday.
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