SBF issued an apology on Twitter today. Although I was personally not affected by the collapse of FTX.com, on behalf of those who were affected, we do not accept your apology.
When a crypto exchange mixes customer money with company money, that’s not acceptable. When Alameda Research fails to disclose all of the FTT movements to the exchange, this is unacceptable. When an exchange lends out customer funds or borrows against customer funds, this is not acceptable. Running a fractional reserve exchange is not acceptable.
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