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With no access to crypto, disgraced FTX founder Sam Bankman-Fried is now trading fish to pay for services in prison
(www.businessinsider.com)
this post was submitted on 24 Nov 2023
216 points (89.1% liked)
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He died....? Who will pay back the trillion $ fake gme shares he created?
The payback happened through a fund, where victims could apply, I suppose.
The sentence was to pay back 17 billion and 150 years in prison, so it was inevitable that he'd die in prison. The losses were estimated to be 18 billion, so he got off one billion short in that regard.
However, he paid another heavy price. Both sons died before him. One of them off'ed himsel on the anniversary of his father's arrest.
(To be honest, I just googled all of that. I've never heard any details on this case before because I live on the opposite side of the globe.)