This was inevitable. All their money and reputation is gone. They stand to face many decades in prison. What choice do they have. Anyone who engages in financial fraud should prepare for all their friends to rat them out. There are no friends.
Something tells me they'll be okay. Just look at Liz Holmes of Theranos.
In that sense, the concept of a token created by you and traded largely by your firm being used as collateral for loans was incredibly fraudulent. The fact that the DoJ is acting only after the token fell and revealed that SBF used customer funds to rescue it, is either a strategy or an oversight. Same way they don’t want to touch Tether just yet even if it’s so obviously a fraud.
Now, regarding SBF, I can imagine there are some big wigs that had their money in there, not only nobodys like you and I. That's the only reason why I think they will get shafted.
I don't see any differences between the two. I admit I did look at thunderfoot's videos on musk and was convinced since 2019 he was a small conman. I don't understand how Holmes is any different.
Elon engages in the first, Holmes in the second. I think, if Holmes merely went bankrupt because she couldn’t get to a functional product rather than releasing a product and knowingly lying about its capabilities, she’d be in much less hot water.