Quoting the entire post, since that seems to matter a lot to Leap1…
None of the extra stuff you wrote has any bearing on whether FTX committed fraud. The specifics of the amount of margin allowed to its customers don’t have any bearing on the issue - because whether FTX committed fraud depends exclusively on whether they violated any requirements/obligations governing lending out assets of the institution. The margin requirements for customers don’t apply to FTX as an entity - and therefore, aren’t relevant at all to determining whether FTX committed fraud.
As you well know (since you also typically only quote portions of posts you respond to), just because I only quote a portion of your post doesn’t mean I didn’t read the whole thing. I’m only quoting a portion because it’s irritating for other readers to unnecessarily quote more of the original than is necessary to provide context for the reply. The specifics of FTX’s margin policy aren’t necessary for context, because they have no bearing on whether FTX committed fraud or not. Particularly since there’s no indication that FTX was violating those policies (which again, apply only to customer accounts and not the exchange’s investment policies as an entity).