Matt Levine explains why this is worse: https://www.bloomberg.com/opinion/articles/2022-11-09/bankman-fried-s-ftx-had-a-death-spiral-before-binance-deal#xj4y7v

Matt Levine explains why this is worse: https://www.bloomberg.com/opinion/articles/2022-11-09/bankman-fried-s-ftx-had-a-death-spiral-before-binance-deal#xj4y7vzkg https://www.bloomberg.com/opinion/articles/2022-11-09/bankma... tl;dr - the bank can't invest the money in its own stock.