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Can someone ELI5 what margin has to do with the bank run?

• acgt23 4y ago
  It doesn’t really, none of this is adding up. But he’s explicitly lied about this stuff in the past couple days (and since deleted the tweets) so that’s probably what’s happening here
• deleted 4y ago
  [deleted]
• nullc 4y ago
  Much of the assets traded on FTX were leveraged sidebets e.g. "perpetuals", the underlying assets didn't exist.