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by thepasswordis 1193 days ago
FTX was because they took customer deposits and gambled with them, lost the gamble, and therefore lost the money.
2 comments
mannerheim 1193 days ago
Yes, but it was also fraud because they weren't supposed to gamble with that money because they were an exchange, not a bank.
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fullsend 1193 days ago
What is different here? FTX bought shitcoins. SVB bought MBS. They gambled rates wouldn’t change and customer’s wouldn’t withdraw.
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