Likewise. At some point I had looked into using FTX for crypto. I didn't because it raised several red flags for me, but let me share my recollections about the historical ToS, fwiw:
Wayne, I see in another post you aren't sure what about its terms of service was violated. I can't pull up the historical ToS, and I'm not sure if they changed, but back when I looked into using it, I specifically looked for language that they were keeping the funds safe and not lending them out and I found that language. If the language somehow wasn't completely airtight, it was at least sure as hell deceptive, because I was specifically looking for it, carefully reading it, and believed I found it. I was not interested in any tokens providing interest, so it's also not right to (as per your post on another thread) suggest that investors should have known better because where did they think the interest was coming from. The tokens bearing interest were a separate product, as it were, and I don't even remember seeing anything about interest. Probably the majority of users were only looking for a place to transfer money to and buy bitcoin, nothing fancier like staking. I do recall coming across instructions to wire to Alameda and saying hell no and stopping right there. I only regret not making the connection between "red flag for me" -> "red flag for EA". I did not know about the EA connection until much later (or I might have trusted Alameda).
Likewise. At some point I had looked into using FTX for crypto. I didn't because it raised several red flags for me, but let me share my recollections about the historical ToS, fwiw:
Wayne, I see in another post you aren't sure what about its terms of service was violated. I can't pull up the historical ToS, and I'm not sure if they changed, but back when I looked into using it, I specifically looked for language that they were keeping the funds safe and not lending them out and I found that language. If the language somehow wasn't completely airtight, it was at least sure as hell deceptive, because I was specifically looking for it, carefully reading it, and believed I found it. I was not interested in any tokens providing interest, so it's also not right to (as per your post on another thread) suggest that investors should have known better because where did they think the interest was coming from. The tokens bearing interest were a separate product, as it were, and I don't even remember seeing anything about interest. Probably the majority of users were only looking for a place to transfer money to and buy bitcoin, nothing fancier like staking. I do recall coming across instructions to wire to Alameda and saying hell no and stopping right there. I only regret not making the connection between "red flag for me" -> "red flag for EA". I did not know about the EA connection until much later (or I might have trusted Alameda).