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Dblstandard t1_ivyu4pw wrote

Reply to comment by james_randolph in FTX looks for $9.4 bln in rescue funds, Bahamas freezes some assets by fudge_u

Shady fucker.

But it's honestly no different than what bank fractional reserve. If they have a billion dollars of customer assets they only have to keep like 10% on the books. These guys are all shady

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Inner_Spray_6770 t1_ivzue91 wrote

Shit I’d backed by the reserve though

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Dblstandard t1_iw16r1g wrote

Exactly it's the reserve that gives us the true confidence.

But you should still continue to look at most major banks as complete pieces of shit. They're there to fuck you. Unless you're a VIP client, they're there to fully fuck you.

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