Comment Text:
I have questions about the guaranty fund.
Where will the funds be held and in what type of account?
Will the proceeds in the guaranty fund be invested? If so, in what type of instruments?
If there is an event requiring a dispersal from the fund, will the fund balance eventually be restored to the $250 million amount? How long will it take? Where will the top-off funds come from? Perhaps from guaranty fund investment proceeds, FTX revenues, or other sources?
Understanding more about the guaranty fund and its impact on FTX financial performance will go a long way towards assessing how robustly FTX will take on its commitment to being a responsible long-term provider of marginable products.
