Kerkko Pelttari

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Their terms of service had explicit clauses about using customer funds "as belonging to FTX trading". Unsure if it also applied to using customer funds as loan collateral but that would make sense.

(B) None of the Digital Assets in your Account are the property of, or shall or may be loaned to, FTX Trading; FTX Trading does not represent or treat Digital Assets in User’s Accounts as belonging to FTX Trading. 

(Terms of service PDF available here https://help.ftx.com/hc/en-us/articles/360024788391-FTX-Terms-of-Service )