pvigilo

Sure, I can understand there's a difference. But what's not equivalent with what happened in FTX? It's essentially a bank run without the ability to get a lender of last resort. Banks are just more protected in this situations, but in the end they are still playing the same game as the crypto exchanges.

Still fraud though. Basically the banks convinced the coin makers to issue new money if they become insolvent. It would be the same as FTX being able to call the money printers of each currency to get the needed funds to stay afloat. Amazing this is not considered a criminal enterprise.

The banks are just on a different level of grift when compared to crypto exchanges

No it's not, there's a lot of stranded energy in the world. We are just missing it where we need it the most. That's why your country is doing "local solutions"