Well they had the first $10B, but Lehman also probably had the first $10B when things moved south.
It's the final $10B that really matters here. They may have burned their real currency reserves first to avoid really sparking a panic, and are just standing naked hoping the crypto meltdown subsides before they have to start selling their less liquid/valuable reserves.
It's the final $10B that really matters here. They may have burned their real currency reserves first to avoid really sparking a panic, and are just standing naked hoping the crypto meltdown subsides before they have to start selling their less liquid/valuable reserves.