Sam Bankman-Fried: Some Third-Tier Exchanges Are Already Secretly Insolvent
source link: https://nextbigwhat.com/sam-bankman-fried-some-third-tier-exchanges-are-already-secretly-insolvent/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Sam Bankman Fried denies any active merger talks with Robinhood but tells Forbes that more crypto exchange failures are coming. “There are some third-tier exchanges that are already secretly insolvent,” says Bankman Fried.
Bankman Fried is worried about continued failures because during the euphoria of rising crypto prices, exchanges kept upping the ante to attract customers with generous yields for deposits.
[Via]
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK