SBF arrested in the Bahamas after U.S. files criminal charges

[DrBeer]

Life in prison without the possibility of parole for a financial crime does seem extremely harsh, no matter how much money was lost. I don't recall anyone getting that sentence after a big financial collapse. The bankers and mortgage agencies didn't even get punished at all back in 2008-09, and if SBF's lawyers are any good they'll get him off with much less prison time. Jesus, most murderers and rapists don't even get LWOP.

why is it cruel?
You do not know what situation the victims of fraudulent actions are in?
Moreover, the purpose of punishment - to show that committing such crimes - is very dangerous! And the punishment of one criminal should stop other potential criminals. When you understand that you will be in a cell for the rest of your life, and your whole life will be limited by the area of ​​the prison, you will change your mind a million times over committing a crime. no, of course, someone will take a risk, in the hope that such a fate will not befall him ... But this is unlikely, there is a precedent legal system, and you will also have to sit in jail for life!

[Tony116]

The new CEO of FTX also told the House of Representatives that FTX is unlikely to reimburse or partially compensate the victims of the FTX crash, only US users will most likely receive compensation, and worldwide users will receive nothing.

I have to keep to doubt this until you will have to provide the information where it was said. If that is so it will be a biase justice and that is not fair but bad way to treat the people. I understand that cryptocurrency has no regulation but doing that is not a solution. If FTX collapse remedy measure will be done it should be general not to select countries to be benefiting into it.

I don't see any bias here, it's simply that the US and some other countries have pretty strict laws. As far as I know, FTX or any company that wants to do business in the US must have a business registration license, so after bankruptcy, customers will be protected by law. Unlike other countries still unregulated or relatively lax in monitoring the crypto industry. Recently, FTX Japan also announced that it plans to compensate Japanese users who suffered damage in the FTX accident.
https://www.bloomberg.com/news/articles/2022-11-30/ftx-s-japan-unit-drafts-plan-to-return-client-funds
https://www.bloomberg.com/news/articles/2022-12-13/bankman-fried-s-arrest-steals-thunder-from-house-hearing-on-ftx-s-collapse?leadSource=uverify%20wall
https://www.bloomberg.com/news/articles/2022-12-13/ftx-s-us-customers-may-have-better-luck-getting-their-money-back

[franky1]

meanwhile.. alemedia queen and SBF ex girlfriend is happily singing like a free song bird in new york