SEC charges Sam Bankman-Fried with defrauding investors

ft.com

26 pointsmfiguiere3 comments

Ah: They charged him with defrauding investors, not customers. This should be interesting. It may be difficult to get Sequoia to cooperate, probably impossible with Binance.

Wondering if they decide to treat the FTT tokens as a fraudulent asset, which they were, but the chattering classes have been mostly obsessed with the "commingling" business to no end. Dunno if the latter is even gonna figure into this.

The SEC isn’t responsible for protecting customers. We’ll have to see which other agencies get involved and what they charge him with.

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