foobar on Twitter: Exchanges should not touch customer funds for any purpose. Not to secretly lend, not to market make, not to arbitrage across external exchanges, not to make venture investments, not to make political donations, not to play in prediction

https://twitter.com/0xfoobar/status/1591952364638203905

Exchanges should not touch customer funds for any purpose. Not to secretly lend, not to market make, not to arbitrage across external exchanges, not to make venture investments, not to make political donations, not to play in prediction markets. Users can trade, that's it.

Follow up:I'm disgusted by people trying to play this off as normal behavior. It feels deeply fradulent. Such behavior is often shrouded in secrecy, because even those doing it know it's wrong. I hope every single person participating in such activities gets exposed and pushed out.