urbeker@lemmy.worldtoTechnology@lemmy.world•Sam Bankman-Fried deserves 40-50 years in prison for FTX fraud, prosecutors sayEnglish
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8 months agoHe was supposed to have made his money before FTX by doing crypto currency arbitrage, but people have gone back and done the maths and his supposed profits were mathematically impossible (or just exceedingly improbable). The fact that his crime here was investors money went straight into a slush fund for his and his friends personal use suggested he didn’t make that much money first either.
I mean different countries different people making the decision.