Submitted by giteam t3_ysazj9 in dataisbeautiful
JPAnalyst t1_ivyb8a6 wrote
Reply to comment by slackboulder in [OC] Binance - FTX saga in 4 mini charts by giteam
Oh my. This is a s a big deal. It’s like what happened to George Baileys bank in It’s a Wonderful Life, but worse because FTX was cheating/lying. Horrible.
slackboulder t1_ivyc4pp wrote
Same thing happened with Voyager and Celsius exchanges. There was a lot of people scamming.
[deleted] t1_ivydvvh wrote
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slackboulder t1_ivye2p5 wrote
It's an exchange, not a bank. They were supposed to be a place to hold/exchange your crypto.
[deleted] t1_ivykf67 wrote
[deleted]
[deleted] t1_ivzhd5x wrote
Except banks actually have to follow regulations to separate and mitigate these risks:
https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act
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