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Market Cap:
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Cryptopolitan
2022-11-07 11:45:25

FTX’s stablecoin reserve falls 93% in 2 weeks, amid rumors of insolvency

FTX’s stablecoin reserve falls 93% in 2 weeks, amid rumors of insolvency

Sam Bankman-Fried’s cryptocurrency exchange FTX is seemingly undergoing intense withdrawal pressure, amid ongoing speculations that the company could be heading for insolvency. Although FTX hasn’t defaulted to process all withdrawal requests, the rate of outflows from the exchange is rather alarming and could push the exchange into a tight liquidity situation. FTX’s stablecoin reserve is … FTX’s stablecoin reserve falls 93% in 2 weeks, amid rumors of insolvency Read More »

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