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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (5092)11/8/2022 6:23:35 PM
From: Elroy  Read Replies (1) | Respond to of 7593
 
Fascinating.

I wonder if FTX got hacked?

Why else would an exchange go bust?

I've also read some stuff that FTX loaned out funds to other crypto entities, so that's more like banking operations, and it's easy to see why banks might go bust.

But an exchange should keep investor's deposits separate from the exchange's assets, so an exchange should not have a "liquidity crisis".

Sounds like a mess.