I don't think Sam will have a bad day. I think the market will continue to move horizontally for 6 months.BTC

1."losing value"??
a. forget the market price. its a meaningless number moving up and down. its only important to anyone at the excact moment they want to buy or sell.. when they are just hoarding that number is not affecting them personally
b. value is not found as being the market price. value is a number that sits below the periodic lows (it sits outside the market price chart)
that low for the last 3 years has been
2020 3k   2021 $10k and 2022 $15k
value has been on a slow constant rise.

2. "doomsday for cryptos"
this does not mean bitcoin. its means for BUSINESSES and centralised things in the crypto space. exchanges will come and go. market prices will wiggle, the wind will blow, the earth will orbit the sun...

now on to the main topic
there are 2 directions.. legal and lawful
they have to investigate if he legally used all tax/money legislation to legally avoid tax/liability/losses.
if he is found that instead of legally avoiding, and instead illegally evading. then it can  be a fine/court order to repay.. or
separate case..  move to criminal acts of if the deposits/control of assets were lawfully in 'scam bankman frauds' ownership(his to do as he pleases). or as customers credit/property

yep some businesses can put stipulations into TOS/user agreements that pretty much say once you deposit the coins, value is no longer the customers and its up to the business to decide how it treats its customers. and if customers use the service/sign up they agree to the risk of losing it all where the exchange is not liable.

if its deemed the coins were of customer credit. where there is no user agreement to allow 'scam bankman fraud' to fractional reserve or move assets to somewhere that users can never withdraw/recover. then it can become criminal

advice to everyone:
if your going to use a custodian/exchange. ALWAYS ready the terms of service/user agreement to see how ethical they are before handing them your coins, even if you intend to only use them short term

Did you personally lose confidence in bitcoin after what happened? I don't think this will restore market confidence but it will bring hope to those who lost money. Hope that they can still recover a portion of their funds after everything has been liquidated. I doubt price would surge based on news of his arrest or conviction.

I hope he and some more people will be jailed soon and stay there until BTC reaches 350.000 USD.

Do Kwon is in jail? no, he is not! And I guess that Sam won't go to jail either.



The problem is also with the honest people, why do they trust the exchanges so much, and why do they hold all their funds there. Exchanges are for buying/selling not for holding.

philosophical questions
1. were they stolen in november.. or the very minute a customer deposited(when they decided they no longer wanted to own coin)

2. was the deposit a contractual agreed management custodial service or a simple relinquishing of ownership by the customer by agreeing to just give coins away to a business out of generosity(like a donation)

in real estate. if someone buys an apartment in full they have legal rights as owners no matter who has a door key. if they employ a maintenance guy to be given keys (a custodian 'super' to manage the utility/maintenance/services of the property) does that mean the custodian then owns the property.. answer here is no

but in crypto. a custodian does put terms into the exchange user agreement where by the property becomes owned by the exchange
and by having the only key control of funds a customer has no access to regain possession

so regulators have to work out. did scam bankman fraud legally get given coin (as pseudo-donation) to SBF's retirement home.. or did SBF steal users funds.

SBF has powerful people behind him, let alone his mother.  Besides he is spending millions of dollars of FTX clients money just to have a good term with "powerful" people.  So instead I believe some one will be jailed in SBF's stead.  They will definitely look for a fall guy unless the evidence is strong enough to make this backer back - off.

Mismanagement of funds is a straight up scam, using user funds to purchase homes for advisors and employees. Last October FTX raised $420 million and SBF took $300 million for his personal use and you still cannot have an opinion regarding a dumb paper billionaire  .

Not long ago SBF offered Elon Musk $2 billion liquid when he was planning to take over Twitter and now he filed for Chapter 11 bankruptcy and not Chapter 7  .

Their exchange wallets are compromised all of a sudden and millions of dollars worth of coins vanished

People from Bahama were able to withdraw even when they disabled the rest to escape from the regulators in Bahamas and now they tweet that Bahamian withdrawals were illegal and asking exchanges to return those funds.

Do Kwon mess up is a different one, he launched a shit coins created hype, withdraw millions of dollars and then his fairy coin failed miserably and it was doomed from the start because of the stupid algorithm based stable currency. SBF might not go to jail like all the other bankers because he is one of the biggest donor to Dems this election .

I think he should definitely go to jail, but I don't know what the US will do about it. His political connections are said to be strong. It's frustrating that scammers like this are on the market and impact millions of people's investments. It's a fact that even if this guy goes to jail, the money people lost won't be returned. I wish we could clean up such people in the crypto community as soon as possible.