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There's no "role" of any significance to be investigated here. FTX was not a bank, if it had not been improperly using customer funds, or using absurdly inflate
by VagueMag 4y ago
There's no "role" of any significance to be investigated here. FTX was not a bank, if it had not been improperly using customer funds, or using absurdly inflated valuations of its own shitcoin FTT as balance sheet collateral, it would not have been possible for anyone to start a "run" of any kind.
If there's anything at all to be investigated it might be the balance sheet leak to CoinDesk, but so far the media and Congress are assiduously avoiding any mention of it. Even there, it wouldn't have been a problem if the balance sheet wasn't a smoking 100ft crater in the first place.