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A comment on We will not pursue the potential acquisition of FTX. Parent comment

Re:We will not pursue the potential acquisition of FTX by tim333 on Wednesday November 09, 2022 @07:17PM (#33540290)
I agree "liquidity" is a cop out implying they need time to sell things.

In my case I deposited some USDC coins and have asked them to return said USDC coins but it seems no. I think theft is a more accurate term. As in we stole some customer funds to gamble with and having lost them need more funds to cover it up. Not really "liquidity".

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Re:We will not pursue the potential acquisition of FTX by toomuchtodo on Wednesday November 09, 2022 @10:58PM (#33542018)
There is a reason stablecoins are not the same as fiat in a deposit account: a government will make you whole via deposit insurance if something happens to your USD due to institutional failure.
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