FTX Not Bankrupt, 'Our Balance Sheet is Just Highly Decentralized'

London - Sam Bankman-Fried, the billionaire founder of crypto exchange FTX, sought to reassure crypto investors on Monday after a rival exchange, Binance, said it would liquidate its holdings of FTX's native token. The exchange was catapulted into a crisis after Changpeng “CZ” Zhao, founder of rival Binance Holdings Ltd., announced plans to sell some $530 million worth of FTX’s utility token FTT, Read more

