They can not cover withdrawals with their available fiat liquidity or cryptocurrency reserves.
The possibility of a financial gap in another major exchange is high.
Exchanges have depleted their fiat pools in banks and replaced them with USDT.
Crypto exchanges have been experiencing a reduction in money flowing into the ecosystem for nearly two years.
We’ve seen time and again exchanges mismanaging funds, and even those advertised as having fundamentals and connections to finance.
FTX was only the tip of the iceberg.
We’ve seen it with Binance, but this is not the only exchange lacking liquidity. We shouldn’t exclude any exchange, but consider all of them vulnerable
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