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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 IanCal on Monday November 14, 2022 @04:51AM (#33591937)
I don't think that's quite right as when a bank loans out money it creates the money, and when the loan is repaid the money is destroyed.

https://www.bankofengland.co.uk/knowledgebank/how-is-money-c...

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