To be honest you don’t really do those things if you had a legitimate business, he commingled finds because he ran out money. He ran out money because he was ma

To be honest you don’t really do those things if you had a legitimate business, he commingled finds because he ran out money. He ran out money because he was making poor risky bets. Over a long enough time horizon his bad trading was going to realise losses, and as we’ve seen, he was going to cover it up. If FTX had 100bn in the bank, he would’ve kept going until the whole 100 was gone trying to chase the losses.