> The dude took our $1B in a personal loan with customer wealth.
Let's correct that to say "stole $1B in customer wealth". You can't "take out a loan" from someone who doesn't agree to loan it to you (and, indeed, FTX expressly said they wouldn't borrow customer funds).
Which is clearly documented by the banks for the benefit of all of their customers. Not to mention there is FDIC insurance, which is specifically why people who are worried about bank stability know they can more their money in multiple banks if they're over the FDIC limit.
Nevermind FTX was an exchange, and my stock brokerage certainly doesn't lend out my stocks to a related party without my consent.
Let's correct that to say "stole $1B in customer wealth". You can't "take out a loan" from someone who doesn't agree to loan it to you (and, indeed, FTX expressly said they wouldn't borrow customer funds).