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KingStannis2020 t1_j23fdrx wrote

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

Market cap != Customer funds

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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

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