FTX: Ee stole money. We lied. We gave it to friends to gamble. Illegally. SVB: our shitty compliance department bought bonds (a government requirement) with to

FTX: Ee stole money. We lied. We gave it to friends to gamble. Illegally. SVB: our shitty compliance department bought bonds (a government requirement) with too long of a maturity date to sell in a bank run. One is incompetent and the other is malicious. Also fractional banking is literally required by law.