He didn’t defraud the rich lol. The exchange was one of the most popular among cryptocurrency users. There are no minimum and no sign up fees. The number of people he defrauded is probably in the millions.
If anything, knowing crypto, the rich almost certainly had insider knowledge and withdrew their funds before everything collapsed.
Defraud rich people? Go to jail.
Defraud the rest of us? Get promoted to CEO.
He didn’t defraud the rich lol. The exchange was one of the most popular among cryptocurrency users. There are no minimum and no sign up fees. The number of people he defrauded is probably in the millions.
If anything, knowing crypto, the rich almost certainly had insider knowledge and withdrew their funds before everything collapsed.
Big investors into his company got burned too.
I believe the majority of investors into FTX were pretty much just regular people
That was his real crime. He stole rich people money. Where’s the CEO of bitconnect? Not in jail, I can tell you that.