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The figure "$40B" is bandied about uncritically in the press, but I gather this is the highest notional market cap of Terra/Luna, not a reflection of actual mon
by teractiveodular 2y ago
The figure "$40B" is bandied about uncritically in the press, but I gather this is the highest notional market cap of Terra/Luna, not a reflection of actual money (fiat) put in?
By contrast, SBF of FTX fame was convicted of stealing $8.7B and ordered to restitute the amount to investors in USD.
- Hilift 2y agoI still remember Do running away from FTX right after meeting with SBF, a few days before it fell apart. That was before the "a $4.55 billion settlement that he and Terraform reached with the U.S. Securities and Exchange Commission.". The $40 billys is the losses due to fluctuation in value. It's possible they are pressuring him to release information on crypto holdings that were transacted with Iran and other sanctioned entities.
- tw04 2y agoOk? And? If you rob a bank and walk out with $10k you’re facing 15+ years in prison. If the number is “Only” $1b he should spend the rest of his life in prison.
- mrayycombi 2y agoHow about the death sentence if it exceeds a certain number of victims or dollar amount? Executing these fools might act as a deterrent.