FTX did not immediately respond to ABC News' request for comment.
"The basic risk is if other investments at Alameda went underwater -- and many crypto investments have been falling in recent months -- then they may not have been able to repay funds to the exchange," David Yermack, a professor of finance at New York University's Stern School of Business, told ABC News.
The major exit from a crypto heavyweight triggered a wider selloff totaling about $5 billion in a single day, placing immense pressure on FTX to meet the sudden demand for withdrawals.
No mention of the money laundering scheme to funnel US foreign aid thru Ukraine and back to the democrats. BidenCrimeFamily
I saw from early out that digital currency was one of the biggest grid ever visited upon the greedy
Ask Ye, he's been talking about them for weeks.
TheView cuz they gave all their CRAPTO to the DEMONRATS who pissed it away on more worthless crap similar to the Steele Dossier and Mueller farce... the conclusion... NO COLLUSION lol There is a tongue twister for Potus poopy pants Biden the kiddie sniffer
Are the crypto ponzis finally starting to unravel?
Confirms that crypto is nothing but a scam.
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