.Ripple is interested in purchasing FTX Group’s assets
Garlinghouse was among those who former FTX CEO Sam Bankman-Fried asked for funding on the cusp of the exchange’s eventual implosion, according to the report. that the FTX exchange was a fraudulent scheme. Garlinghouse also stressed that the cryptocurrency industry had to mature.
In August, Ripple also said that it was interested in buying the assets of failed cryptocurrency lender Celsius. The company, which is linked to the popular XRP cryptocurrency, is currently working on its expansion into the EU market. As, it is currently seeking to acquire a virtual asset service provider in Ireland.
Ripple is currently enmeshed in a grueling legal battle with the U.S. Securities and Exchange Commission, which is expected to resolve in the second half of 2023.
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