Yeah I think there was massive fraud. It will be found out, but the legal system moves slowly. My hope is that all the key people involved will be available for extradition from whatever far-flung place they are likely to flee to soon.
Not when it comes to cryto-land it doesn't.
I know of 3 Bitcoiners who were taken down, detained illegally and forced to take a plea deal (forfeit Bitcoin) or take a lengthy sentence, and only one refused and won at a huge legal and personal toll to him and his family. FTX was a legal operation and had all the paperwork and greased the right palms in Washington which obviously avails them certain privileges: like staying out of prison and under constant interrogation to apply the plea-deal and likely access to an attorney which most never get.
Higher profile cases include: Ross/DPR Silk Road, btc-e, and more recent Razzlekhan and her BF were taken down earlier this year for billions worth of btc and is now locked up and in their custody from a hack years ago and were taken into custody right away [0]. And then James Zhong was taken down and they took billions wort of btc plus all of his money he had in is home and was only later convicted a year later.
This isn't twitter mob-justice, this is feeling the wrath of the State for something that in all those of cases were net even deemed Money according to the IRS.
0: https://www.forbes.com/sites/cyrusfarivar/2022/03/17/razzlek...
1: https://www.justice.gov/usao-sdny/pr/us-attorney-announces-h...