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FTX also spent the customer money on themselves.
by djbusby 3y ago
FTX also spent the customer money on themselves.
- fauxpause_ 3y agoGive them time
- koalala 3y agothere was a run recently, everything was paid out and life continued normally. the binance CEO actually encourages this as it's a stress test [1]. [1] https://cointelegraph.com/news/crypto-community-members-discuss-bank-run-on-binance https://cointelegraph.com/news/crypto-community-members-disc...
- fauxpause_ 3y agoThat is irrelevant?
- aww_dang 3y agoMore importantly, FTX couldn't make customers whole during an exit stampede. As long as there is no rush to the exits or until there is, the entire issue is relatively irrelevant.
- fdsafdsafdsklj 3y agoThe exit stampede had nothing to do with it. FTX had less assets than liabilities. Customer's wouldn't have been made whole if they gave FTX a hunderd years.