No, this isn't just bad culture. This is FTX saying "trade on our exchange, and your funds will be held only in the coins they are recorded in. We will not make

No, this isn't just bad culture. This is FTX saying "trade on our exchange, and your funds will be held only in the coins they are recorded in. We will not make investments with your funds." This is the promise and expectation of every brokerage account. It was a lie, and the investment of their customer's funds into their own investment fund is simply theft.