FTX warns of bankruptcy it can't plug an $8 billion deficit: report

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FTX warns of bankruptcy it can't plug an $8 billion deficit: report
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Crypto exchange FTX warns of bankruptcy if it's unable to plug a shortfall of up to $8 billion: report

that he and his team are"putting together a solution together" with FTX. Bankman-Fried retweeted Sun.

"The ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike," Sun added in the Twitter thread."My team has been working around the clock to avert further deterioration.

. Prior to any acquisition talk, Zhao had tweeted that Binance would be liquidating all its FTT tokens — a crypto token native to FTX — due to"recent revelations." had been stoking market fears about FTX's liquidity position. Bankman-Fried then hit back at Zhao on Monday, tweeting:"a competitor is trying to go after us with false rumors," per media reports including

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