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Wait, we recovered almost all of Madoff's money too? Traditional finance has plenty of clawback mechanisms. You're completely straw-manning a world in which t

• yieldcrv 3y ago
  I actually think Madoff is a great example of comparison, and didn't mention that because I felt someone else would call that a strawman, ironically, or at least choose to say something about the difference in the size of those frauds. The main difference is the time, you're choosing to ignore that. 8 months versus .... how many years for Madoff? A decade?
  • RC_ITR 3y ago
    >But the biggest sum has been in “category A crypto” tokens with large and liquid markets. FTX now has more than $4bn of crypto assets under its control, a total that has been bolstered by a sharp recovery in cryptocurrency prices. >Bitcoin, which had dropped below $20,000 after FTX’s collapse, this week broke $30,000 for the first time since June 2022 , with other cryptocurrencies including ethereum charting a similar course. This seems to go against your claims. - the existing assets just became more valuable in USD terms. Actual recoveries: >Recovery efforts have more than doubled that figure so far, court filings show, including $800m in recovered cash and a further $600m in “settlements and investments receivable”.