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Crypto Millionaire offers Crisis Rescue “Blockify-Voyager.”

Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. FTX, the digital-assets trading platform launched two years ago by Bankman-Fried, said it handled enough volume last month to make it one of the largest crypto exchanges. Photographer: Lam Yik/Bloomberg

Mr. Sam Bankman-Fried, the cryptocurrency billionaire who owns FTX (FTX), has signed an agreement to assist BlockFi and Voyager Digital as two crypto companies facing l problems after the central bank did not help.

Bankman-Fried agreed on Tuesday (June 21) to provide $250 million in aid to Blackfire through a loan deal and assisted Voyager Digital in a $500 million loan. He said the financing would help the two companies continue their business.

Mr. Bankman fried said, ” We are doing our part to protect the digital asset ecosystem and our customers.” CNBC news agency reported that such assistance had taken place.

After blogging revealed earlier this month that the company had to lay off as many as 20% of its employees, the value of the crypto slumped considerably in the past few weeks. As a result, many large crypto companies face financial difficulties.