this is pretty much exactly what SBF did with alameda’s FTT position to steal FTX customers funds.
pretty much the same excuse too. “we’ve got the money. it just isn’t liquid…”
We are one of the largest suppliers and borrowers on WLFI Markets.
Yes, we supplied WLFI as collateral and borrowed stablecoins. No, we are nowhere near liquidation — and frankly, even if markets moved dramatically against us, we'd simply supply more collateral. That's not a risk. That's how this works.