Ftx Chief Says Many Exchanges Secretly Insolvent Details

Last updated: June 11, 2025, 02:56

Ftx Chief Says Many Exchanges Secretly Insolvent Details

FTX CEO Sam Bankman

Secretly insolvent? However, he hinted that many exchanges wouldn't make it out of the current bearish situation, adding that apart from the major ones, plenty of

In a Forbes interview published late Tuesday, the founder of FTX and Alameda Research warned that several crypto businesses are facing similar liquidity issues to

FTX CEO Sam Bankman-Fried (SBF) has warned that more crypto exchanges are headed towards insolvency, but they are yet to be exposed. The remarks come

Sam Bankman

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Some Crypto Exchanges Are 'Secretly Insolvent' And 'Too Far

The two digital asset exchanges

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

The two digital asset exchanges resorted to FTX to stay afloat after Three Arrows went into debt. Together, FTX and SBF’s Alameda quantitative trading company gave