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Of course they can if they're running on fractional reserves AKA fake liquidity. I don't think there is any regulation against them doing that.
by solumunus 4y ago
Of course they can if they're running on fractional reserves AKA fake liquidity. I don't think there is any regulation against them doing that.
- oldgradstudent 4y agoIn its terms of service, FTX was supposed to hold the customer assets at 1:1 ratio. Not doing so is fraud, and there's already regulation against fraud.
- lupire 4y agoIt's totally illegal and the SEC is chatging everyone they can reach. But most are out of reach, because they are outsdt US and the Presidents refuse to use the military to defend USAns against finacial warfare.