FTX/Sam Bankman-Fried
Discussion
Panamax said:
Ed. said:
almost all the 8 billion is on track to be recovered due to rise in crypto values.
That's simply not the way things work. Getting back to where you started isn't a "win" when everybody else is off and away over the horizon.Ed. said:
Panamax said:
Ed. said:
almost all the 8 billion is on track to be recovered due to rise in crypto values.
That's simply not the way things work. Getting back to where you started isn't a "win" when everybody else is off and away over the horizon.In sentencing remarks, Judge Kaplan dismissed this argument. He said: “The assertion that customers and creditors will be paid in full is misleading.”
He added: “A thief who takes his loot to Las Vegas and successfully bets the stolen money is not entitled to a discount on the sentence by using his Las Vegas winnings to pay back what he stole.”
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