Fractional banking is not theft. The bank does not steal my money when I deposit them there. I know all I get from putting my money into the bank is an IOU-note.
Watching a film on Popcorn-time is not theft, no matter how much some people in the film industry and "anti-piracy business" claims it is. (as a side note, piracy is robbery om the sea, and nothing else than that).
Borrowing a bike without permission and putting it back before the owner notices it is not theft. Things may be morally wrong even if it's not theft.
Murder and corruption is also not theft.
If I would have steem on the exchanges, I would not expect this holding to be used to support one side in a conflict, I would expect that I should be able to withdraw the funds anytime without problems, and I think the actions done by the exchanges are morally wrong. But it's not theft.
Attempts on redefining the language based on personal opinions on what is wrong and what is right is morally wrong, in my opinion.
RE: The Facts