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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 throwaway5959 on Thursday November 10, 2022 @08:21PM (#33556191)
That’s insane.
[ Parent | on HN ]
Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by cmckn on Thursday November 10, 2022 @08:30PM (#33556249)
It’s the only way any popular token has met trading demand; the vast majority of transactions have to happen off-chain, or the thing would fall over.

(but yeah it’s wild)

[ Parent | on HN ]
Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by TedDoesntTalk on Thursday November 10, 2022 @10:51PM (#33557132)
Brokerage houses and market makers do the same.
[ Parent | on HN ]
Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by ralph84 on Friday November 11, 2022 @01:13AM (#33557824)
Ownership of publicly-traded stocks basically never changes. Cede and Company owns all of the stock.
[ Parent | on HN ]
Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by throwaway5959 on Friday November 11, 2022 @11:22AM (#33562726)
With a lot more regulation, right?
[ Parent | on HN ]