A software change allowed FTX to use client money
The real problem behind all these crypto companies is the people who make the money have no concept of what "integrity" is.<p>They aren't coming from a baseline assumption that their job is to protect and interests and the money of their clients.<p>Traditional banks, for the most part, have DNA built around protecting customer interests and customer money. Crypto companies have none of that attitude - behind every one of them is a sleazy tale of self interest and corruption.<p>My first introduction to this way of thinking was many years ago when I worked on a software development project and the project manager was extremely concerned about a single cent being wrong in the calculations - he taught me that with customer money you cannot get even a single cent wrong.<p>These crypto idiots are just young cowboys who see a giant pile of loot and don't have any concept of how to manage it in an ethical manner.  They just wanted to work out how to gamble it all in the hope of more crypto gold.  If there are crypto companies that have not yet had their rotten hearts exposed and gone bust, it's simply a matter of time.<p>Every single one of these companies will - and should -  go bust - good riddance.  It's a pity Robinhood won't go with them - the filthiest scumbags of all.