FTX customers filed a class-action lawsuit against the failed crypto exchange

Good luck with that.

Did anyone read the customer service agreement before placing their assets into the loving care of FTX?

Of course not, they were too busy getting rich quick. Anyway, this is just like placing assets into a licensed and regulated broker account --- right?

My guess is that their customer service agreement gave FTX full rights to use the assests in any way *they* wanted --- effectively as if they "owned" them.

End result: A lot of fools and their money are now parted.