2 ms·

Nope, their TOS prohibited commingling. An LLC isn’t a license for fraud requiring government regulation.

• JumpCrisscross 3y ago
  > their TOS prohibited commingling One, it's unclear if that's criminal commingling versus breach of contract by FTX. Two, that's what I mean--absent additional representations, the lending out of customer deposits on its own does not constitute fraud or even anything illegal. That's the point of the comparison to a florist. In terms of consumer protections, my deposit with my florist is about (albeit not precisely) on par with customers' at FTX's. This is what you get when you stick your finger to the regulated system and put your money outside it.