FTX CEO Sam Bankman-Fried talked about the cryptocurrency market. SBF warns of more bankruptcy news.
One of the leading names in the cryptocurrency community, FTX CEO Bankman-Fried spoke to Forbes about the cryptocurrency market. Bankman-Fried said that many crypto companies are on the verge of bankruptcy. The SBF also claimed that many crypto companies have gone bankrupt, but that people are not yet aware of it, adding:
“There are many companies that are nearly bankrupt, and it doesn’t make sense to stop the process because their balance sheets are empty, regulatory issues, or there isn’t much to salvage.”
Bankman-Fried declined to name the companies that had problems. He also said that his company, FTX, continues to be profitable.
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