How is the case against crypto-cash intermediary Bankman-Fried different from a bank that couldn’t cover a “run on the bank”?
In: 10
The difference is the reason FTX “couldn’t cover the run” was he was secretly passing money from FTX to Alameda Research, which then lost it in a series of risky trades.
The passing of money from his left hand to his right *is illegal*. And it was not disclosed to his customers.
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