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The Sam Bankmans of the world gamble away their stolen money on shitcoins but the Madoffs of the world buy real estate, yachts, and government bonds. His real e
by ksherlock 3y ago
The Sam Bankmans of the world gamble away their stolen money on shitcoins but the Madoffs of the world buy real estate, yachts, and government bonds. His real estate purchases had decent appreciation over the years -- a hamptons house (bought in 1980 for $250,000, sold for $10 million), a NYC penthouse apartment (bought in 1984, sold for $8 million).
https://en.wikipedia.org/wiki/Recovery_of_funds_from_the_Madoff_investment_scandal https://en.wikipedia.org/wiki/Recovery_of_funds_from_the_Mad...
- s1artibartfast 3y agoFTX investors are likely to see a similar return, and might even turn a profit in recovery. Some FTX investors are looking to spin up a speculative investment coin to trade FTX legal liabilities.
- Arrath 3y agoI can't even tell what is satire any more.
- s1artibartfast 3y agohttps://cointelegraph.com/news/crypto-debt-investors-buy-250m-ftx-claims https://cointelegraph.com/news/crypto-debt-investors-buy-250... >In line with growing demand, the price of some FTX claims has been soaring this year. Some low-ranking FTX claims have jumped 191%, surging from $0.12 in early 2023 to about $0.35 recorded in recent weeks, the report said, citing data from the crypto debt broker Claims Market.
- ipython 3y agoI understand that the return is mostly due to the appreciation of FTX's early investment in Anthropic (which prosecutors believed was made with customers' funds).
- s1artibartfast 3y agobitcoin is also up