I mean, they shouldn't, that means they're also running insolvent. Not only is that generally illegal, it's been the end of a long line of crypto exchange busin

I mean, they shouldn't, that means they're also running insolvent. Not only is that generally illegal, it's been the end of a long line of crypto exchange businesses like Quadriga, and possibly even going back to MtGox (though they were doing it as a cover for theft, rather than mismanagement, IIRC). And the FTX token that had a run triggered was something like 90% held by FTX - the value they accounted for was based on a tiny circulating pool of them. It was almost the classic "If I print 10m of these, and sell you one for a dollar, I've got tokens worth $10m now, right?"