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Benzinga
Benzinga
Business
Samyuktha Sriram

Some Crypto Exchanges Are 'Secretly Insolvent' And 'Too Far Gone,' FTX Chief Tells Forbes

Sam Bankman-Fried, founder and CEO of crypto exchange FTX, warns that some cryptocurrency exchanges may already be insolvent and that failures are imminent.

What Happened: “There are some third-tier exchanges that are already secretly insolvent,” Bankman-Fried told Forbes.

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