News for hackers. Stuff that matters.
Re:Sam Bankman-Fried sentenced to 25 years in prison by JumpCrisscross on Thursday March 28, 2024 @12:53PM (#39854227)
> the “lost” money was simply due to poor accounting and actually found

What? No.

The “lost” money was bet on red at the roulette wheel. While the firm was in bankruptcy, the wheel stopped spinning and came up red. That was enough to make customers whole to their original deposits. But it didn’t make up for capital gains, opportunity cost or the emotional damage caused by having your funds locked away for years.

> interesting that by contrast SVB leaders didn’t face any repercussions

Totally different situations. The analogy would be PayPal freezing everyone’s accounts for 3+ years while they put all the money into Peter Thiel’s hedge fund.

Re:Sam Bankman-Fried sentenced to 25 years in prison by beambot on Thursday March 28, 2024 @02:14PM (#39855382)
I would like to recuperate the cash value of my pre-crash SVB stock, even if it's 3 years later - please & thank you. Their complete lack of risk oversight for HTM assets definitely borders on negligence...
Re:Sam Bankman-Fried sentenced to 25 years in prison by rootusrootus on Thursday March 28, 2024 @02:24PM (#39855527)
SVB stock is a different thing than an SVB deposit.
Re:Sam Bankman-Fried sentenced to 25 years in prison by beambot on Friday March 29, 2024 @02:02PM (#39867107)
Aren't all FTX depositors being made whole (in USD)?