FTX CEO Sam Bankman-Fried said that his company takes seriously its duty to protect the digital asset ecosystem and its customers. The partnership with BlockFi follows Alameda Research, a trading firm founded by Bankman-Fried, lending crypto broker Voyager Digital $500m. The capital gives the firm more flexibility to mitigate current market conditions, Voyager CEO Stephen Ehrlich said in a statement.
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“BlockFi has careful risk management and great leadership. So they successfully removed at-risk counterparties preemptively,” Bankman-Fried said in a Twitter post Tuesday. “BlockFi customer assets are appropriately managed, with no debt/risk from 3AC, Celsius, etc.”
