Quote from: Marvell1 on December 09, 2022, 05:46:34 AM

Quote from: coupable on December 08, 2022, 09:34:54 PM

Quote from: sana54210 on December 08, 2022, 09:02:51 PM

Quote from: Marvell1 on December 08, 2022, 03:03:18 PM

It's not over because they just filed for bankruptcy and haven't actually declared bankruptcy. As far as I know, filing bankruptcy under Chapter 11, FTX will have 3-4 months to complete the procedure as well as have the opportunity to call for support from sponsors and resolve disputes with partners.

In addition to countries with crypto regulations, in countries that do not have crypto laws, investors will be responsible for their investment without the protection of the law, so that no one can sue FTX.

I would guess that bankruptcy is a way to protect themselves on jail time, just saying "sorry we failed" they are just saying "we are upset we failed too, we wanted to do better" and that means they didn't mean to, and it's not their fault, and it's a bit about the market and everything else that went wrong and not them.

This will result with them defending themselves on court by saying "we did nothing illegal; we just couldn't survive because of cash flow and that is economic reason, not jail reason". So, it is obvious that it is all a ruse, and they will not accept fault and this is a proof of that, Sam should be jailed, but he will do everything in his power not to.

It can't go as simple as you think, bro. It is not possible to evade responsibility in this way, as if the collapse was the result of one of the unexpected natural disasters. There is a penal responsibility that must be borne by those in charge of the FTX stock exchange, due to the failure to provide appropriate guarantees that protect users investments on the platform, in addition to working to enlarge the platform without taking into account the characteristics of the crypto market, which made the fall resounding and catastrophic.

If it were us, it certainly wouldn't be so easy. But unfortunately, that is happening with SBF, SBF is still free and the victims who lost money don't know where to complain and sue SBF. I haven't seen a lawsuit since FTX collapsed.
SBF is bribing a lot of media to spread that it was CZ that caused the collapse of FTX and forced CZ to speak out, while SBF is becoming the real victim. Additionally, he's already donated billions of dollars to politicians, so jailing him is highly unlikely.

They are expert scammers. The platform releases it from one of the countries that imposes any procedures or conditions and guarantees that there will be no tracking in the event that the platform stops, whether for the benefit of its citizens or users from other countries. There are tax havens that provide a safe place for scammers as well as suspicious money.
By offering bribes to decision-makers in powerful countries, they ensure that they will not be held accountable, no matter the scale of the disaster. What usually happens and we hear about it is a small percentage of hacking and theft attempts that are not reported and the public opinion does not hear about it.