/biz/ - Business & Finance

>>52487023
no
they were ALSO running a bank illegally
but what that guy described is much worse

>>52491348 >>52487023
leverage trading (going long) in 4 steps
>1. i have $1k
>2. i put those $ as collateral to borrow $10k worth of stock/crypto (not truly mine, but in my custody)
>3. if the stock goes up, i repay my initially $10k loan and keep the difference as profit
>4. if the stock falls down in price below $9k (10k - 1k) my collateral is automatically confiscated to protect the lender, plus i lose custody of the stock

FTX skipped that last part for alameda
they allowed them to keep custody of the crypto AND not be liquidated
infinite risk gambling, but the losses are covered by the rest of their reserves (the funds of the goyim)
when it comes to jews, laws do not exist