Ripple considering deals for FTX assets: Brad Garlinghouse

Brad Garlinghouse, CEO of Ripple, said the company would be interested in FTX-owned companies that serve professional customers.

Ripple CEO Brad Garlinghouse is reportedly interested in buying parts of collapsed crypto exchange FTX.

On the sidelines of Ripple's Swell conference in London - held November 16-17 - Garlinghouse told The Sunday Times that former FTX CEO Sam Bankman-Fried called him two days before that the company filed for bankruptcy as he sought to round up investors to save the company.

Our 6th Annual #RippleSwell is underway! I spoke this morning with @cnbcKaren to discuss all things Ripple, the usefulness of crypto, macro factors affecting crypto, and much more. A thread… pic.twitter.com/EDHW3nyka8

Ripple's CEO said that during the call, the two discussed whether there were any FTX-owned businesses that Ripple "would like to own".

"Part of my conversation was if he needs cash, maybe he's bought or has businesses we'd like to own [...] would have bought some? I really think that was on the table," 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 "much different than it would have been one-on-one." .

"I'm not saying we won't look into these things - I'm sure we will. But it's a harder path to transact," he added.

About 130 FTX affiliates, including FTX.US, were included in the bankruptcy filing in...