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So in total the investors lost 150 millions in a ponzi scheme,which is of course totally illegal,but the company only has to pay 40 millions + the fine ? Which

by aikah 12y ago

So in total the investors lost 150 millions in a ponzi scheme,which is of course totally illegal,but the company only has to pay 40 millions + the fine ? Which basically means they get away with 110 millions ? (granted that since it's a ponzi scheme they may have given some money to early investors).

Buge 12y ago
The 150 million is at today's bitcoin prices. The bitcoin prices were much lower back then. >During the relevant period, Shavers obtained at least 700,467 BTC in principal investments from BTCST investors, or $4,592,806 when converted to U.S. dollars based on the daily average price of BTC when the BTCST investors purchased their BTCST investments. I'm not sure whether he sold his bitcoins back when the prices were low or held them.