Sam Bankman-Fried's FTX was said to be in talks to acquire South Korean crypto exchange Bithumb, Bloomberg reported Friday, citing a person familiar with the discussions.Both exchanges have been talking about a possible deal for a number of months, the person said, as reported by Bloomberg.The potential acquisition comes as Bankman-Fried continues to rescue troubled crypto firms as financial contagion effects keep spreading across the crypto ecosystem. For example, at the beginning of July, FTX US, the American division of FTX, entered a deal to buy embattled crypto lender BlockFi for up to $240M. SBF's moves have positioned himself as a so-called lender of last resort in the crypto community.Founded in 2014, Bithumb takes in an average of ~$569M worth of trades per day on its platform, Bloomberg noted, citing data from CoinGecko.Bithumb did not immediately respond to a request for comment by Seeking Alpha.Earlier, FTX seeks joint offer to give early liquidity to Voyager Digital's bankruptcy investors.
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