Cryptocurrency giant, Ripple, have expressed interest in FTX deals following the spectacular implosion of the exchange company in recent weeks. Brad Garlinghouse, who runs the US based cross-border payments firm, Ripple, told the Sunday Times he would like to "pick over the carcass" of FTX and would be interested in buying "the parts that serve business customers", as well as the stakes FTX held in other companies.
FTX are affiliated with approximately 100 companies which were included in the recent bankruptcy filing. Garlinghouse said that the disgraced former CEO, Sam Bankman-Fried, called him shortly before FTX went bust as he attempted to round up investors to save his failing business. The Ripple CEO said that the main conversation during the call was around whether there were any FTX-owned businesses that Ripple may want to own.
As reported by U.Today, in August this year Ripple expressed interest in buying the assets of failed cryptocurrency lender, Celsius, and are currently working on the acquisition of a virtual asset service provider in Ireland. Adding these companies to the Ripple portfolio would allow Garlinghouse the opportunity to strategically grow the company, which aims to continue expansion during the current bear market.
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