Finance

Analyzing the Bank Run on FTX 

11/07/2022
Bitcoin Ethereum News

November 7, 2022, 11:13AM EST

• 4 min read

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Quick Take

  • Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.
  • This issue of Rapid Insights summarizes the latest developments surrounding the rumors of FTX’s solvency.
  • While FTX has started seeing a backlog of withdrawals, likely due to rumors about its insolvency, it has not paused withdrawals.
  • The tumultuous crypto markets and a series of precedents have certainly exacerbated the impacts of such allegations against FTX.
  • Ultimately, FTX is being stress-tested in challenging market conditions and the outcome of this test will be a crucial one for the overall crypto markets.

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Source: https://www.theblockresearch.com/rapid-insights-analyzing-the-bank-run-on-ftx-183728?utm_source=rss&utm_medium=rss