Ripple CEO Brad Garlinghouse is reportedly interested in buying certain parts of collapsed crypto exchange FTX.
On the sidelines of Rippleās Swell conference in London ā was held on Nov. 16 and 17 ā GarlinghouseĀ toldĀ The Sunday Times that former FTX CEO Sam Bankman-Fried called him two days before the company filed for bankruptcy as heĀ sought to round up investorsĀ to rescue the business.
The Ripple CEO said that during the call, the two discussed if there were FTX-owned businesses that Ripple āwould want to own.ā
āPart of my conversation was if he needs liquidity, maybe thereās businesses that he has bought or he has that we would want to own [...] Would we have bought some of those from him? I definitely think that was on the table,ā he said.
However, Garlinghouse admits that now that FTX has filed for Chapter 11 bankruptcy in the United States, a potential transaction for an FTX business will be āvery different than it would have been one-to-one.ā
āIām not saying we wonāt look at those things ā Iām sure we will. But itās a harder path to transact,ā he added.
Approximately 130 companies affiliated with FTX, including FTX.US, were included in the bankruptcy filing in Delaware.
Some subsidiaries not included in the proceedings include crypto clearinghouse LedgerX, FTX Digital Markets, FTX Australia Pty and payments processor FTX Express Pay.
Garlinghouse said he would be interested in buying the parts that served business customers.
Cointelegraph has reached out to Ripple for additional comment but has not received a response by the time of publication.
It appears that Rippleās executives, like many in the industry, are followingĀ the latest developments of the FTX saga.
On Nov. 10, Ripple chief technology officer David Schwartz directed a message on Twitter toward employees of FTX, suggesting that there would be room at Ripple for them, so long as they arenāt āinvolved in compliance, finance or business ethics.ā
FTX has recently appointed restructuring administration firm Kroll as its agent toĀ track all claims against FTXĀ and ensure interested parties are notified of developments throughout its Chapter 11 bankruptcy case.