226 sats \ 3 replies \ @okpj 8 Nov 2023 freebie \ parent \ on: What should SBF sentence for his crimes be? meta
Of the roughly $8.7b shortfall, FTX has recovered approximately $7b, with 90% of that $7b to be paid to FTX creditors.
People can expect to be paid back ~73% of what they (rather, SBF) lost on FTX if the bankruptcy plan is approved on December 16. It will be paid in USD, not Bitcoin or shitcoins.
I hope the people getting this 27% haircut learn an extremely important lesson…
NYKNYC
Can someone explain why SVB cannot even recover $1 for its creditors and gets a full bailout and noone is charged with anything. But FTX is able to recover over 70% for its creditors, without a bailout, and the exchange is charged with all kinds of things :)
reply
Yeah I totally forgot about that.
reply
deleted by author
reply