FTX Post-Mortem: Bankman-Fried Admitted The "Ponzi Business" Of Crypto Yield Farming

[weijian]

Contagion is spreading, it seems...It is totally illogical to say "you have adequate liquidity" but paused client withdrawals.

Crypto lender BlockFi plans bankruptcy filing within days in FTX fallout
The crypto lender paused client withdrawals, citing uncertainties with FTX while saying it had adequate liquidity and was exploring options with outside advisers.
https://www.businesstimes.com.sg/garage/...tx-fallout

Crypto brokerage Genesis suspends withdrawals at lending arm
https://www.businesstimes.com.sg/garage/...ending-arm