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The question of jurisdiction is interesting. Technically FTX was not operating in the US or for US citizens but, as I understand, there were many workarounds. F
by AlexandrB 4y ago
The question of jurisdiction is interesting. Technically FTX was not operating in the US or for US citizens but, as I understand, there were many workarounds. FTX US did operate in the US, but I'm not sure how fucked they are relative to the main FTX exchange.
It's also notable that FTX customers (at least the "in-crypto-for-the-ideology" ones) and investors wanted this. They wanted a financial system that was out of the reach of the US legal system - none of them had a problem dealing with an exchange that was based in the Bahamas for legal reasons until the whole thing fell apart. So it's interesting to hear so many calls for SBF's arrest by US authorities.
- defterGoose 4y ago| FTX US did operate in the US, but I'm not sure how fucked they are relative to the main FTX exchange. I'm going to go out on an amputated limb here and say...right well fucked.