3 ms·
Murder is still murder even if it’s a dispute between two criminals. I suppose the same is true of fraud. Law enforcement is always a socialized cost. Though,
by skybrian 3y ago
Murder is still murder even if it’s a dispute between two criminals. I suppose the same is true of fraud. Law enforcement is always a socialized cost.
Though, there are fines. Apparently, FTX might owe $9 billion in fines and penalties and $10 billion other government litigation [1]? The creditors might not get much at all.
I don’t know what the users of a cryptocurrency exchange expect. I think there’s always some chance of a “rug-pull?”
[1] https://cdn.arstechnica.net/wp-content/uploads/2024/03/US-v-SBF-Alameda-Research-Victim-Impact-Statement-3-20-2024.pdf https://cdn.arstechnica.net/wp-content/uploads/2024/03/US-v-...