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MASSIVE Crypto Rally Incoming?! Don't Miss This Event!FTX CEO Sam Bankman-Fried said we'll see more failed crypto exchanges. The billionaire told Forbes that some are already "secretly insolvent". Crypto billionaire and founder of exchange FTX Sam Bankman-Fried says many cryptocurrency exchanges "are already secretly insolvent.". Bankman-Fried Warns: Some Crypto Exchanges Already 'Secretly Insolvent' After throwing lifelines to troubled digital currency exchanges.