Technically yes the revenues would be FTX's but things were commingled. That FTX dipped into customer funds when lending to Alameda means they didn't distinguish between their funds and customer funds. The new manager has made very clear that their accounting was a shitshow so I'm not sure you can clearly say what money was donated.

Even if they were in separate accounts, I'm sure other arguments can be made based on the liabilities created when lending out customer funds.

> Federal prosecutors and regulators allege that SBF, FTX, and its affiliates, which include defunct hedge fund Alameda Research, stole user funds and poured billions of dollars into risky bets that did not pan out.