Re:FTX – The Fraud Was in the Code
by shapefrog on Tuesday October 10, 2023 @11:01AM
(#37832972)
Is it fraud for a company to extend credit to another company? Any company that issues a invoice and allows say 14 days to settle is extending credit to the other party.
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Re:FTX – The Fraud Was in the Code
by prettychill on Thursday October 12, 2023 @03:20PM
(#37861812)
It is most certainly fraud to lie about protections in place to protect customer assets. That includes backstop insurance and auto-liquidation practices.