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submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

With no access to crypto, disgraced FTX founder Sam Bankman-Fried is now trading fish to pay for services in prison::Sam Bankman-Fried is now using mackerel fish as a means of exchange with other prisoners.

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[-] JustMy2c@lemm.ee 0 points 11 months ago

He died....? Who will pay back the trillion $ fake gme shares he created?

[-] bstix@feddit.dk 3 points 11 months ago

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.)

this post was submitted on 24 Nov 2023
217 points (89.5% liked)

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