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0 pointsthepasswordis3y ago0 comments

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

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2 comments · 2 top-level

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

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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