FTX held $900M against $9B in obligations - 10%.
that’s well above what the bank reserve requirement of 0%.
wait til normies find out about that SBF had more customer capital on hand than the reserves held by traditional banks.
bank runs could come once they wake up…
liquidity drying up everywhere.
I've been pulling cash out of the bank and asked if other people were doing the same. The teller shook her head up and down and said: you aren't the only one!
