At the level of FTX's operations, I don't think Sam should have been expected to read the TOS at all. That said: 1. A CEO obviously should have a basic underst

At the level of FTX's operations, I don't think Sam should have been expected to read the TOS at all. That said: 1. A CEO obviously should have a basic understanding of the rules on using customer assets regardless of whether he read the TOS. It's like Sam claiming he didn't know he had to pay taxes since he never read the tax code. 2. More importantly, when issues arise, a non-criminal organization would have called up legal and said "can we do this?", and waited for them to review the TOS, respond with an answer, and follow that. Sam seems to have purposefully avoided oversight, building out a Board, building out legal, sharing information, etc.