alt Hacker News>In appealing against the conviction, Bankman-Fried’s defense lawyers argued that US district judge Lewis Kaplan, who oversaw the trial, improperly prevented Bankman-Fried from introducing evidence to back up his belief that FTX had enough funds to cover customer withdrawals.
So it's been a few years now. Did people get their money in the end? That would presumably answer the question of whether they were stolen from. It wouldn't affect any decisions on crimes related to flouting regulations.
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I think Kraken has been selected to redistribute the funds, but not sure if it has happened yet. These things take time, I think Mt. Gox took like a decade to be distributed
You SBF defenders have such a weird view of how the law works. If I embezzle money from my company and then bet it all on black in Vegas, intending to give it back if I win, your implication here is equivalent to saying I did commit a crime if the wheel comes up red, but I did not commit any crime if it comes up black.
I think the victims were helped quite a bit by the runup in crypto assets. So even though some was lost, the run up in what was left ended up being quite a bit.
That is not how any of this works. He was convicted of fraud, and fraud was committed the moment he transferred the funds to Alameda. That he placed some bets that worked out, like his Anthropic investment, doesn't negate the crime any more than if I robbed a bank, placed a winning bet with it and returned the funds with interest.