> While they were still solvent it behaved as if there were more BTC present. Sure, they didn't create more on the blockchain, but they were able to operate as

> While they were still solvent it behaved as if there were more BTC present. Sure, they didn't create more on the blockchain, but they were able to operate as if there was more. So as I said - they can't lend more than 100% of the BTC they have. They can make up anything want within their own exchange of course.