FTX hurtles toward bankruptcy with $8 billion hole
Sam Bankman-Fried told investors the crypto exchange needs $4 billion to remain solvent. Meanwhile, U.S. authorities are investigating FTX.
The crisis engulfing Sam Bankman-Fried’s FTX.com is rapidly worsening, with the onetime crypto wunderkind warning of bankruptcy if his firm can’t secure funds to cover a shortfall of as much as $8 billion.
Bankman-Fried informed investors of the gap on Wednesday, shortly before rival exchange
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