Bankman-Fried Warns: Some Crypto Exchanges Already “Secretly Insolvent” - Forbes

After throwing lifelines to troubled digital currency exchanges BlockFi and Voyager Digital, Sam Bankman-Fried, the 30-year-old billionaire founder of FTX, warns that many crypto exchanges will soon fail.

The question on everybodys mind in the crypto world is whether weve reached the market bottom. Nearly $2 trillion in crypto market value has evaporated since November. Two bellwether digital assets L… [+6754 chars]

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