You are right in feeling the way that you feel, however this is just the system in power at play. FTX was able to grow as large as it did, influenced by much more than just SBF, also by powerful figures surrounding him. The ultimate goal? Maybe not to rob all of the people within FTX, but to manipulate the market and majorly capitalize from it. Imagine the gains that were made by those who knew that FTX was pumping up the market, and imagine the gains that they made from shorting it all while knowing that FTX had such a large hold over the space? Additionally, imagine how many investors and traders who understood the market was overbought, thus shorting it, got liquidated...similarly, imagine those who believed in the market, had a margin position, and got liquidated?

The losses add up so much more than just FTX, the market manipulation would have destroyed way more than the ~$50b that FTX lost/mishandled or whatever they say happened. It's just a penny in the water against how much wealth was concentrated back to the people surrounding SBF that were in the know.

And yet, no news about this. Just a spotlight on the face, and not spotlight on the ripple effect.

That's life

Those who had lost, unfortunately, had to have had the risk of losing it all considered, no matter how it was lost.