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FTX's Bankman-Fried Says It’s Worth Losing Money to Prop Up Crypto Industry

The crypto exchange's CEO is also willing to buy bitcoin for his company depending on the price.

Updated May 11, 2023, 5:11 p.m. Published Jul 19, 2022, 6:36 p.m.
FTX co-founder and CEO Sam Bankman-Fried says he's willing to lose money to help the crypto industry. (Jesse Hamilton/CoinDesk)
FTX co-founder and CEO Sam Bankman-Fried says he's willing to lose money to help the crypto industry. (Jesse Hamilton/CoinDesk)