4 ms·
SBF admits here that, despite TOS assurance thar customer funds do not get lent out, they go into a general pool which seems to have been used for any sort of p
by markisus 4y ago
SBF admits here that, despite TOS assurance thar customer funds do not get lent out, they go into a general pool which seems to have been used for any sort of purpose whatever. SBF obfuscates what those purposes are exactly, but admits that whatever they are, they have caused the general pool to become empty. Not a lawyer but this is probably illegal.