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>Prosecutors shall prioritize cases that hold accountable individuals who (a) cause financial harm to digital asset investors and consumers Technically FTX/Ala
by Avshalom 2y ago
>Prosecutors shall prioritize cases that hold accountable individuals who (a) cause financial harm to digital asset investors and consumers
Technically FTX/Alameda was able to repay investors and consumers so did SBF cause financial harm?
He definitely did fraud (a crime), but did he cause financial harm?
Similarly does Money Laundering (a crime) cause financial harm?
- samsin 2y agoYes, considering it was ~2 years from freezing withdrawals to the approved bankruptcy plan to repay customers. FTX was only able to repay customers because the value of BTC increased during that time. But customers were only repaid the value of their portfolio at the time of the collapse. If I steal your money, invest it, then return the principal amount after 2 years, would you consider it financial harm?