Major crypto hub issues bankruptcy warning ...News

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Major crypto hub issues bankruptcy warning
FTX is facing a liquidity shortfall of up to $8 billion, according to Bloomberg The chief executive of cryptocurrency exchange FTX, Sam Bankman-Fried, has told investors that without a cash injection the company would need to file for bankruptcy, Bloomberg reported on Thursday, citing sources.  According to a person with direct knowledge of the matter, Bankman-Fried informed investors during a conference call on Wednesday that his crypto exchange faced a shortfall of up to $8 billion and needed $4 billion to remain solvent. The unnamed source explained that FTX is attempting to raise rescue financing in the form o

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