Viewing a single comment thread. View all comments

gnitiwrdrawkcab t1_j235mw7 wrote

Reply to comment by cloud_coder in FTX diverted $200 million of customer money for two venture deals that caught the SEC’s attention by cloud_coder

10 million users with only 100 million between them?

6

KingStannis2020 t1_j23fdrx wrote

Market cap != Customer funds

9

cloud_coder OP t1_j24z4hv wrote

Right but the delta seems extreme. At some point the book value of the reserves (do they hold reserves?) should be the floor on value

1