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A comment on FTX Tapped into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall. Parent comment

Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by VHRanger on Thursday November 10, 2022 @12:48PM (#33550310)
They used FTT as collateral for loans used on trading activities that boosted FTT value

It's not literally a Ponzi, but it's Ponzi adjacent behavior, like what Bill Hwang did.

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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by quickthrowman on Thursday November 10, 2022 @02:04PM (#33551428)
Bill Hwang lied about his market exposure to the brokers who sold him the equity swaps. It was just garden variety fraud with no ponzi adjacent behavior at all.
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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by Kstarek on Thursday November 10, 2022 @02:32PM (#33551824)
He actually didn't lie lol, they knew they just didn't care as he was a very profitable customer
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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by colinmhayes on Thursday November 10, 2022 @02:38PM (#33551930)
Bill hwang didn’t even take investor money. How did you come to the conclusion that his behavior was ponzi adjacent?
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