>I believe that, had FTX International been given a few weeks, it could likely have utilized its illiquid assets and equity to raise enough financing to make cu

>I believe that, had FTX International been given a few weeks, it could likely have utilized its illiquid assets and equity to raise enough financing to make customers substantially whole.” I haven't really been following this because I think crypto is one of the dumbest fucking ideas a human being has ever come up with, but isn't the above quote just describing a ponzi scheme without using the word ponzi? Like, what do the people who cover the losses of the ponzi-schemed customers get, promises of more rounds of fundraising to cover THEIR inevitable future losses?