Concerns Rise Over Deribit's Financial Stability Amid Insolvency and Bankruptcy Allegations

Concerns are mounting over the financial stability of Deribit, a prominent cryptocurrency exchange, following allegations of insolvency. Several users on social media have questioned whether Deribit is 'B Booking' positions, a practice where brokers take the opposite side of a client's trade. The speculation intensified after screenshots purportedly showing Deribit's financial troubles surfaced online. Some users have even declared Deribit as bankrupt. As of now, Deribit has not issued an official statement addressing these claims.