FTX Has Billions More Than Needed to Pay Bankruptcy Victims
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Re: FTX Has Billions More Than Needed to Pay Bankruptcy Victims
#2Re: FTX Has Billions More Than Needed to Pay Bankruptcy Victims
#3Hah, hopefully he can make them whole again!
Re: FTX Has Billions More Than Needed to Pay Bankruptcy Victims
#4Hah, hopefully he can make them whole again!
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Re: FTX Has Billions More Than Needed to Pay Bankruptcy Victims
#5Perhaps like myself, there are many people outside of the US who haven’t bothered with trying to claim?
My exposure was pretty small, definitely not enough to justify trying to figure out this whole process would work in my case.
Re: FTX Has Billions More Than Needed to Pay Bankruptcy Victims
#6If at the end of the story, everybody affected is made whole, could it be argued that his sentence should be reduced?
Re: FTX Has Billions More Than Needed to Pay Bankruptcy Victims
#7If at the end of the story, everybody affected is made whole, could it be argued that his sentence should be reduced?
If someone robs your house and steals your things, The police arrest the burglar and get your stuff back, does that mean the burglar should go free or get a reduced sentence?
NO. THE ANSWER IS NO.
Re: FTX Has Billions More Than Needed to Pay Bankruptcy Victims
#8Perhaps like myself, there are many people outside of the US who haven’t bothered with trying to claim? My exposure was pretty small, definitely not enough to justify trying to figure out this whole process would work in my case.
It’s mostly because crypto is close to all time highs again.
Re: FTX Has Billions More Than Needed to Pay Bankruptcy Victims
#9If at the end of the story, everybody affected is made whole, could it be argued that his sentence should be reduced?
Not sure about the legal details of his case but this could indeed be good for any appeals he may file.
While we like to think of the law and its application as a dispassionate process that only looks at the facts, the sense that someone has been harmed plays a big role in the process and jury decisions.
This development weakens any arguments around harm to others, it could also strengthen arguments in favor of incompetence as opposed to malfeasance when it comes to explaining what actually happened to investor money.
Re: FTX Has Billions More Than Needed to Pay Bankruptcy Victims
#10If at the end of the story, everybody affected is made whole, could it be argued that his sentence should be reduced?
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