Ripple CEO Brad Garlinghouse is reportedly interested in buying some parts of defunct cryptocurrency exchange FTX.

During the Ripple Swell conference in London, November 16-17 — Garlinghouse Tell Former FTX CEO Sam Bankman-Fried called The Sunday Times two days before the company filed for bankruptcy as he tried to rally investors to save the business.

During the call, the two discussed the FTX-owned business that Ripple “would like to own,” the Ripple CEO said.

“Part of my conversation is, if he needs liquidity, maybe there are businesses that he’s already bought, or he owns businesses that we want to own. […] Will we buy some from him? I definitely think that’s on the table,” he said.

However, Garlinghouse acknowledged that a potential deal for the FTX business would be “very different than a one-for-one deal” now that FTX has filed for Chapter 11 bankruptcy protection in the US.

“I’m not saying we won’t think about those things — I’m sure we will. But it’s a much harder path to do deals,” he added.

Some 130 FTX affiliates, including FTX.US, were listed in the Delaware bankruptcy filing.

Some of the subsidiaries not included in the proceedings include cryptocurrency clearinghouse LedgerX, FTX Digital Markets, FTX Australia Pty and payment processor FTX Express Pay.

Garlinghouse said he is interested in buying parts to serve commercial customers.

Cointelegraph reached out to Ripple for additional comment, but had not heard back by press time.

related: Sam Bankman-Fried Updates Investors: “We’re Overconfident and Careless,” Claims $13B Leverage

Like many in the industry, Ripple executives appear to be following the latest developments in the FTX saga.

On Nov. 10, Ripple CTO David Schwartz tweeted a message to FTX employees, suggesting that as long as they don’t involve compliance, finance, or business ethics, Ripple will make room for them. space.

FTX recently appointed restructuring administrator Kroll as its attorney to track all claims against FTX and ensure stakeholders are kept informed of developments in its Chapter 11 bankruptcy.