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Crypto billionaire doles out credit lines to stem contagion in industry

The Straits Times LogoThe Straits Times1w ago

Crypto billionaire doles out credit lines to stem contagion in industry

Quick Summary

June 22, 2022 7:54 AMSam Bankman-Fried, the 30-year-old who co-founded digital-asset exchange FTX Trading, is trying to bail out the crypto market.

An FTX spokesman, asked for comment about the credit lines, referred to a Twitter thread on Tuesday from Mr Bankman-Fried.

Mr Tom Dunleavy, senior research analyst at crypto-data firm Messari, said some would compare the move to business magnate Warren Buffett providing support to Goldman Sachs in 2008.


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Article Details

Category: Economy

Topics: Industry Players Help Credit Bankman-fried Firm Crypto Million Capital Exchange Digital

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 07:54:00

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 695 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 3016

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About The Straits Times

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Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 8 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 46m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #25

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