11-29-2022, 10:48 PM
FTX TOS very clear... "All digital assets were to be held in users accounts and NOT
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/z839ig/ftx_tos_very_clear_all_digital_assets_were_to_be/"> <img src="https://external-preview.redd.it/PXJPLJdV7f8IGLlU_0QBUy0KAr7oiZTmGQo77mERyzs.jpg?width=108&crop=smart&auto=webp&s=a22dd8f8aaccf47bab27851389da8371884aacb0" alt="FTX TOS very clear... "All digital assets were to be held in users accounts and NOT be used by FTX for any purpose (E.g. speculative investments)."" title="FTX TOS very clear... "All digital assets were to be held in users accounts and NOT be used by FTX for any purpose (E.g. speculative investments)."" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>So much for relying on an exchanges TOS.</p> <p>​</p> <p><em>8.2.6 All Digital Assets are held in your Account on the following basis:</em></p> <p>​</p> <p><em>(A) Title of your Digital Assets shall at all times remain with you and shall not</em></p> <p><em>transfer to FTX Trading. As the owners of Digital Assets in your Account,.</em></p> <p><em>you shall bear all the risk of loss of such Digital Assets. FTX Trading shall</em></p> <p><em>have no liability for fluctuations in the fiat currency value of Digital Assets</em></p> <p><em>held in your Account.</em></p> <p>​</p> <p><em>(B) None of the Digital Assets in your Account are the property of, or shall or</em></p> <p><em>may be loaned to, FTX Trading; FTX Trading does not represent or treat</em></p> <p><em>Digital Assets in Users Accounts as belonging to FTX Trading.</em></p> <p>​</p> <p><em>© You control the Digital Assets in your Account. At any time, subject</em></p> <p><em>to outages, downtime, and other applicable policies (including the</em></p> <p><em>Terms), you may withdraw your Digital Assets by sending them to a</em></p> <p><em>different blockchain address controlled by you or a third party.</em></p> <p><a href="https://twitter.com/attorneyjeremy1/status/1597556116212576257?cxt=HHwWgsDT-dm01KssAAAA">https://twitter.com/attorneyjeremy1/status/1597556116212576257?cxt=HHwWgsDT-dm01KssAAAA</a></p> <p>​</p> <p><a href="https://preview.redd.it/pykqxd6cxx2a1.jpg?width=679&format=pjpg&auto=webp&s=105189e90db8538b46fb50c7a018f4b077e79ebd">https://preview.redd.it/pykqxd6cxx2a1.jpg?width=679&format=pjpg&auto=webp&s=105189e90db8538b46fb50c7a018f4b077e79ebd</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/cryptotentnew"> /u/cryptotentnew </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z839ig/ftx_tos_very_clear_all_digital_assets_were_to_be/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z839ig/ftx_tos_very_clear_all_digital_assets_were_to_be/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/z839ig/ftx_tos_very_clear_all_digital_assets_were_to_be/"> <img src="https://external-preview.redd.it/PXJPLJdV7f8IGLlU_0QBUy0KAr7oiZTmGQo77mERyzs.jpg?width=108&crop=smart&auto=webp&s=a22dd8f8aaccf47bab27851389da8371884aacb0" alt="FTX TOS very clear... "All digital assets were to be held in users accounts and NOT be used by FTX for any purpose (E.g. speculative investments)."" title="FTX TOS very clear... "All digital assets were to be held in users accounts and NOT be used by FTX for any purpose (E.g. speculative investments)."" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>So much for relying on an exchanges TOS.</p> <p>​</p> <p><em>8.2.6 All Digital Assets are held in your Account on the following basis:</em></p> <p>​</p> <p><em>(A) Title of your Digital Assets shall at all times remain with you and shall not</em></p> <p><em>transfer to FTX Trading. As the owners of Digital Assets in your Account,.</em></p> <p><em>you shall bear all the risk of loss of such Digital Assets. FTX Trading shall</em></p> <p><em>have no liability for fluctuations in the fiat currency value of Digital Assets</em></p> <p><em>held in your Account.</em></p> <p>​</p> <p><em>(B) None of the Digital Assets in your Account are the property of, or shall or</em></p> <p><em>may be loaned to, FTX Trading; FTX Trading does not represent or treat</em></p> <p><em>Digital Assets in Users Accounts as belonging to FTX Trading.</em></p> <p>​</p> <p><em>© You control the Digital Assets in your Account. At any time, subject</em></p> <p><em>to outages, downtime, and other applicable policies (including the</em></p> <p><em>Terms), you may withdraw your Digital Assets by sending them to a</em></p> <p><em>different blockchain address controlled by you or a third party.</em></p> <p><a href="https://twitter.com/attorneyjeremy1/status/1597556116212576257?cxt=HHwWgsDT-dm01KssAAAA">https://twitter.com/attorneyjeremy1/status/1597556116212576257?cxt=HHwWgsDT-dm01KssAAAA</a></p> <p>​</p> <p><a href="https://preview.redd.it/pykqxd6cxx2a1.jpg?width=679&format=pjpg&auto=webp&s=105189e90db8538b46fb50c7a018f4b077e79ebd">https://preview.redd.it/pykqxd6cxx2a1.jpg?width=679&format=pjpg&auto=webp&s=105189e90db8538b46fb50c7a018f4b077e79ebd</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/cryptotentnew"> /u/cryptotentnew </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z839ig/ftx_tos_very_clear_all_digital_assets_were_to_be/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/z839ig/ftx_tos_very_clear_all_digital_assets_were_to_be/">[comments]</a></span> </td></tr></table>