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The various players in crypto space have written a ton of EULA mumbo-jumbo explaining that the coins are not securities (as they want the freedom to pump&dump/front run orders/etc). If they admitted the cryptos are securities, all sorts of pesky regulations would apply

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Stealing securities you're supposed to store for me is a crime.

Stealing non-securities you're supposed to store for me is also a crime.

Yup. At the end of the day, this isn’t complicated. The man directed assets (whatever you label them) that were clearly meant for the use of the owner only into SBFs investment vehicle for his use (Alameda).

He stole coins, period.

Yes, thank you! So many comments are like "it's a crypto investment, you shouldn't expect safety" when they weren't investments but holdings. As if this was just market forces at play. They have no idea about happened here.

Admitting or not that something is a security is not a requisite for the thing to be found to be a security.

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