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Doesn’t this just mean that 20% of customer assets are in SHIB? I meant that’s depressing to learn, but that’s the customers’ problem and not the exchange’s if
by berberous 4y ago
Doesn’t this just mean that 20% of customer assets are in SHIB? I meant that’s depressing to learn, but that’s the customers’ problem and not the exchange’s if so.
- dereg 4y agoYes that’s exactly what it means. HN is leaping to conclusions again.
- rhaway84773 4y agoAt this point isn’t the actual concern that HN isn’t leaping to conclusions soon enough? People were defending FTX after the acquisition announcement was made here and a whole bunch of people were calling foul on the article linked the day before which said that FTX was insolvent.
- libraryatnight 4y agoreading through these threads is something between listening to MLM addicts and people into the likes of say Joel Osteen. It's so bizarre on this site lately.
- white_dragon88 4y agoI blame a growing contingent of redditors joining HN as r/programming is becoming spammy nonsense. I’m one of them but I keep my mouth shut and rarely comment. I predict that HN will also start to rot as this trend continues. And we’re maybe going to end up right where we started: subscribing to our favourite news outlets.
- MrMan 4y agoHN is one of the worst place on the internet but it pretends the opposite and watching the insanity here is addictive, I have to admit I cant help yelling at them when they say really stupid and/or antisocial things.
- yieldcrv 4y agoEveryone knew FTX was lending and borrowing, they didn't know the extent or how much they relied on shoddy collateral to be credit worthy, they didn't know they were using customer funds as well. Is Crypto.com a lender? That's not what this discussion is about, that's not what Proof of Reserves are about. The folly comes from using collateral, not having assets at all.