At a December 2021 U.S. congressional hearing, FTX founder Sam Bankman-Fried said the platform’s risk system operated continuously and avoided overnight, weekend, and holiday exposure seen in traditional markets.
FTX founder Sam Bankman-Fried said during a December 2021 U.S. congressional hearing that FTX used a 24/7 risk engine to manage exposure on a continuous basis. He contrasted that system with traditional finance, where markets often close overnight, on weekends, and during holidays, creating gaps in risk management and price discovery. In crypto markets, round-the-clock trading is often presented as a structural difference because exchanges and liquidation systems can respond in real time rather than waiting for market reopenings.