.kevinolearytv says he would have thrown FTX_Official a lifeline hours before the crypto exchange filed for bankruptcy, but remarks from SECGov Chair GaryGensler threw a wrench in the plans.
Days before, O’Leary said, he was looking to make sense of the liquidity issue on FTX's balance sheet. At the time, O’Leary said that he was receiving an influx of “inbound requests” from sovereign wealth and pension funds interested in helping fix FTX’s cash crunch. Bankman-Fried told O’Leary that FTX was looking for $8 billion.“That’s the kind of money that an institution or a sovereign wealth fund can put to work if they thought there was an interesting opportunity,” O’Leary said.
“The minute that occurred, that was the end of any sovereign wealth fund’s interest,” O’Leary said. “There was no way to get that $8 billion onto the balance sheet of FTX with the regulators hovering overhead.” O’Leary speculated that for FTX to remain solvent, the exchange would have needed between $3.5 billion to $4 billion., O’Leary said.“This does not kill crypto,” O’Leary said. “There’s going to be a silver lining to this disaster. There’s no question about it. It’ll be called
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