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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.

Updated May 11, 2023, 6:08 p.m. Published May 17, 2022, 1:04 a.m.
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)