FTX’s legitimate operation—for those who didn’t opt in to lending—was supposed to be like a valet parking service. “The terms of service didn’t explicitly say I couldn’t lend out your car to the local dragracing club” is not a good defense to an argument that the valet converted the customer’s car. You need actual permission from the car/crypto owner to do that.
FTX’s legitimate operation—for those who didn’t opt in to lending—was supposed to be like a valet parking service. “The terms of service didn’t explicitly say I couldn’t lend out your car to the local dragracing club” is not a good defense to an argument that the valet converted the customer’s car. You need actual permission from the car/crypto owner to do that.