Again, comparing it with Madoff shows that you have no idea how these cases work. Madoff lied to investors over forty years, stole their money, deposited in hi

Again, comparing it with Madoff shows that you have no idea how these cases work. Madoff lied to investors over forty years, stole their money, deposited in his bank account, and spent it. SBF didn't commit fraud (US laws like wire fraud are deliberately vague so they can be used to bolster the political credentials of prosecutors so they can run for higher office...this is a banana republic style legal system), he ran a totally unlicensed securities exchange, that exchange lent money to a hedge fund he also controlled, and that fund temporarily turned out not to be good credit. If you followed the case, you will know that prosecutors never explained where the money went...it just disappeared...the reason why is because what happened is the same thing that happens at every bank in the world. A recent example is H20, investor's money was lost lending to an (essentially) related party, this is in a jurisdiction where there was a duty for oversight, customers were missold this investment (again, in a jurisdiction where this was a requirement), and the fund has been frozen since 2020...the result has been a fine, deauthorization of the firm, etc. No-one was put in jail for three decades, fees were disgorged but only on related products, etc. ...and this is for a regulated, onshore product...not a unlicensed crypto exchange operating in the Bahamas.