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FTX was simple fraud. This isn't really related and is more standard bank taking on wayy too much risk.

FTX was because they took customer deposits and gambled with them, lost the gamble, and therefore lost the money.

Yes, but it was also fraud because they weren't supposed to gamble with that money because they were an exchange, not a bank.

What is different here? FTX bought shitcoins. SVB bought MBS. They gambled rates wouldn’t change and customer’s wouldn’t withdraw.