Re:FTX's Sam Bankman-Fried Should Serve 40 to 50 Years in Pr...
by trhway on Friday March 15, 2024 @05:16PM
(#39720804)
>FTX was unregulated. The people giving Bankman-Fried
They were giving money either as donation - regulated, or as payment for services and goods - regulated, or as deposits - regulated, or as investment - regulated. Probably the only way it could have been unregulated if it were as gift, which it obviously wasn't.
>he ran a lightly-regulated private fund.
and everybody thought that he is "lightly" (if it can be applied to tens of billions of dollars) cheating like front-running or something like this, and they let him that "light cheating" for years and tens of billions of dollars until the crash.
They were giving money either as donation - regulated, or as payment for services and goods - regulated, or as deposits - regulated, or as investment - regulated. Probably the only way it could have been unregulated if it were as gift, which it obviously wasn't.
>he ran a lightly-regulated private fund.
and everybody thought that he is "lightly" (if it can be applied to tens of billions of dollars) cheating like front-running or something like this, and they let him that "light cheating" for years and tens of billions of dollars until the crash.