Arguably, the FTX debacle is in the same bucket, as it was caused by people havi... | Hacker News

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		Laaas on March 12, 2023 \| parent \| context \| favorite \| on: An Update on USDC and Silicon Valley Bank Arguably, the FTX debacle is in the same bucket, as it was caused by people having their money on an exchange that essentially functioned like a fractional reserve bank.

landemva on March 12, 2023 [–]

FTX functioned more like a self-flushing toilet.

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