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A comment on FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Prison, Prosecutors Say. Parent comment

Re:FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Pr... by smcl on Friday March 15, 2024 @03:56PM (#39720001)
Wasn’t the issue that the “money” that was left was actually in the form of largely worthless cryptocurrency investments, some of which were issued by FTX themselves.
[ Parent | on HN ]
Re:FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Pr... by 8note on Friday March 15, 2024 @08:43PM (#39722229)
Which seems kinda silly. People willingly traded their USD for garbage that wasn't worth anything, and put their money into accounts any reasonable person would think is worthless.

He was really just serving a market for people trying to put their money into valueless garbage

[ Parent | on HN ]
Re:FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Pr... by smcl on Saturday March 16, 2024 @01:16PM (#39727679)
I dunno, all kinds of fraudsters and scammers are "serving a market" if you think about it like that. I guess it remains to be seen whether what they did was considered legal or not. Very very probably not.
[ Parent | on HN ]