Quote from: Synchronice on Today at 01:51:58 PM

~Snipped

Quote from: nelson4lov on October 11, 2023, 12:21:45 PM

If FTX went as far as publishing insurance numbers out of thing air with no actual asset to back it up, I'm convinced that some CEX available today still indulge in those practice.

I have a doubt absolutely every company lies about numbers that they show on their website.

Yes, that's true; as there is no way to actually verify assets that users have deposited to an exchange. They can simply display whatever numbers they want and users will have no choice than to believe. For close source systems like that, it's hard to verify. It's not on-chain.

Quote from: o_e_l_e_o on Today at 08:26:55 AM

Unsurprisingly, SBF has been found guilty of all seven charges: https://newsletter.mollywhite.net/p/sam-bankman-fried-guilty-on-all-charges

Sentencing is awaited. His team will almost certainly appeal. Maximum possible sentence of 110 years as I understand, although he'll almost certainly get much less.

I'll be looking forward to the judgement. It's one thing to be found guilty, it's another thing to be duly punished.