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Cryptocurrency News

SBF denies FTX is eyeing distressed crypto mining companies

07/05/2022

Less than a minute

2022.07.05 10:05

Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter (NYSE:TWTR) on Saturday that they “aren’t really looking into the space.”

“Really not sure why the meme about FTX and mining companies is spreading, the actual quote was that we *aren’t* really looking into the space,” clarified Bankman-Fried on Twitter on Saturday.