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SBF: Some Third-Tier Exchanges Already Secretly Insolvent

FTX founder and CEO SBF warns that some of the third-tier crypto exchanges are insolvent, but they have not yet been exposed and will soon face failure. SBF said that in the current market environment, FTX is willing to do some "somewhat bad" investment deals, which are needed to stabilize the market, but denied any active merger talks with Robinhood.
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