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The victims are going to get paid back (in 2022 crypto prices) due to the appreciation of FTX’s assets (crypto and Anthropic shares). So if someone lost a bitco
by drexlspivey 3y ago
The victims are going to get paid back (in 2022 crypto prices) due to the appreciation of FTX’s assets (crypto and Anthropic shares). So if someone lost a bitcoin when FTX collapsed (BTC was at $18k at the time) they will get more than $18k but not $70k which is today’s price.
- aeyes 3y agoIf I had 1 Bitcoin in an FTX wallet, I'd like to have 1 Bitcoin back. Not whatever the value of Bitcoins is in Dollars.
- jedberg 3y agoIf you wanted those kinds of banking protections, then you should have used a currency system that has those protections. Bitcoin is "easy" because it is unregulated, but the flip side of that is that you the consumer get no protection, and you shouldn't expect any.
- rootusrootus 3y agoThis is pretty twisted. FTX can claim it made customers whole by benefiting from exactly the speculative gains that it prevented its customers from getting.
- jedberg 3y agoIt’s certainly immoral but it’s the risk you take investing in an unregulated market. There are regulations to prevent exactly this when you invest in stocks or put your US dollars into a bank account.
- FireBeyond 3y agoThat has zero to do with SBF's intention and should not be in any way a defense against the wrong perpetrated against them. It could easily have crashed. That it went in a direction that helps make his victims more whole is entirely happenstance and SBF should get ZERO credit or recognition for this aspect of restitution.