[tekla]

FTX was simple fraud. This isn't really related and is more standard bank taking on wayy too much risk.

[thepasswordis]

FTX was because they took customer deposits and gambled with them, lost the gamble, and therefore lost the money.

[mannerheim]

Yes, but it was also fraud because they weren't supposed to gamble with that money because they were an exchange, not a bank.

[fullsend]

What is different here? FTX bought shitcoins. SVB bought MBS. They gambled rates wouldn’t change and customer’s wouldn’t withdraw.