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Re:FTX’s balance sheet was bad by hnfong on Wednesday November 16, 2022 @08:50AM (#33622834)
https://www.vanguardngr.com/2022/11/ftx-offers-up-to-8-apy-o...

""" You can now earn yield on your crypto purchases and deposits, as well as your fiat balances, in your FTX app! By opting in and participating in staking your supported assets in your FTX account, you’ll be eligible to earn up to 8% APY on your assets. """

How does one provide 8% yield on BTC I have no idea.

To me, FTX is a classic Ponzi scheme according to the most uncontroversial definitions of "Ponzi scheme".

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