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How Not to Run a Cryptocurrency Exchange

At Japan's Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say.

CEO Mike Kayamori "could not stand failing," said a source close to Liquid. (Photo: World Economic Forum, modified by CoinDesk)
CEO Mike Kayamori "could not stand failing," said a source close to Liquid. (Photo: World Economic Forum, modified by CoinDesk)