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285 sats \ 6 replies \ @Zepasta 8 Nov 2023 \ on: What should SBF sentence for his crimes be? meta
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I added that option because the criminal "justice" system doesn't actually care about justice. Anarchists have described a system where there would be no prisons but rather communities where those that have harmed others or stolen from others can work and their wages beyond paying for the privilege of food/board is sent to their victims as restitution. Under the current system in most nations criminals are housed at the cost of their victims. The status quo is more like a criminal revenge system. Not really about making things right.
So to answer your question. One scenario would be him being allowed to work and his wages would be paid to those that have valid claims against him. Now, it is highly unlikely that he would be able to repay them but I know he will not repay them in a prison. The US system just doesn't even allow for this sort of restitution.
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I agree
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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
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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 :)
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Yeah I totally forgot about that.
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