People go to prison for stealing a car, this is literally 1000000 times bigger and he's not even arrested.
He belongs to prison for a life time.
All the other talk about crypto / regulation is just hiding how corrupt the system is for not arresting this guy instantly.
Mark Karpales didn't go to prison for Mt Gox, he spent some months in jail because they were afraid he might leave Japan + Japan isn't like the west he prpbably doesn't have connections there, then left and worked for different financial companies and then started another company assessing risk or something.
Alex Mashinsky (founder of Celcius) didn't go to prison either.
On the other hand, Do Kwon (Terra) is a fugitive and interpol is looking for him, and Satish Kumbhani (Bitconnect) got indicted but disappeared so the cops are looking for him.
So yeah you have to turn off your pattern recognition or else be called a bad name.
So I'm not sure what you're correcting here.
"Clinton's critics alleged that Rich's pardon had been bought, as Denise Rich had given more than $1 million[36] to Clinton's political party (the Democratic Party), including more than $100,000 to the Senate campaign of the president's wife, Hillary Rodham Clinton, and $450,000 to the Clinton Library foundation during Clinton's time in office.[31]"
Theranos was exposed as a fraud in 2015. but only now, in 2012, Elizabeth Holmes' trial has reached sentencing with the prosecution asking for 15 years.
It's an unbelievable amount of for persecutors to untangle the web of transactions to be able to prove to a jury the existence and scale of fraud.
I would bet that both Mashinsky and SBF will spend a lot of quality time in a federal prison.
They won't, Mashinsky will NEVER go to prison for Celsius, and SBF, if somehow was to go to prison, will commit suicide on his first day there (suicide will be commited upon him but potato potato).
I don't see what's wrong with having "crypto=fraud" pattern recognition?
(Especially "staking"/"yield farming"! Anyone offering risk free high return is being dishonest about one of those two aspects)
Another good piece of pattern recognition: is this being run from a financial secrecy or tax evasion jurisdiction? (In this case, the Bahamas)
Celsius' Mashinsky, MtGox's Karpales didn't go to prison, and I bet Bankman-Fried won't either. Epstein has been investigated by the FBI for 20 years before going to prison and during the Deutsche Bank - Epstein trial a pizza delivery guy rang the door of the son of the judge overseeing the trial, and shot him dead after he opened the door.
Is you don't see a pattern between the two paragraphs then what do you want me to tell you, just stick to the news.
Individuals and companies need to be better held to account for the scale of societal (and environmental) damage that they cause.
Obviously it will take time for investigations to gather evidence, prosecutors to file charges, etc. These are still very recent events. Just be patient!
2) To obfuscate this slightly, they lent "$10bn" of tokens to Alameda Research, which was a "hedge fund" run by his girlfriend on the exchange
3) Alameda made huge trading losses, as often happens to novice traders. A Nick Leeson event.
4) Changpeng Zhao of Binance noticed there was a problem: https://fortune.com/2022/11/07/crypto-billionaires-cz-binanc...
5) This triggered a "bank run" on FTX
6) FTX are now insolvent: https://twitter.com/SBF_FTX/status/1591089317300293636
7) That was the last we heard from SBF. There are now reports that the exchange has been "hacked" and coins stolen. It is not yet clear by whom, or where SBF is.
Well, not any more.
https://www.sfchronicle.com/sf/bayarea/heatherknight/article...