The exit stampede had nothing to do with it. FTX had less assets than liabilities. Customer's wouldn't have been made whole if they gave FTX a hunderd years.
Customers have priority of the assets anyway, even if they're in a corporate account. The commingling rules help because by the time the funds in any commingled account would get frozen they'd already be gone. Look to…
The exit stampede had nothing to do with it. FTX had less assets than liabilities. Customer's wouldn't have been made whole if they gave FTX a hunderd years.
Customers have priority of the assets anyway, even if they're in a corporate account. The commingling rules help because by the time the funds in any commingled account would get frozen they'd already be gone. Look to…