I reckon it is impossible for the depositors to have their deposits made whole again after FTX has filed for bankruptcy. What would occur is similar to what the usual process is when a company files for bankruptcy. The assets of FTX would be sold and whatever is left after liabilities would be divided among creditors and depositors. I am not quite certain about the exact percentages and figures, however.

In any case, I very much thought that it would be CZ or Justin Sun who would be doing intentional fraud against the community. I was wrong hehehe.

So, Sam Bankman-Fried is in jail for at least 2 months, and we shall hope his example will force CEOs of other exchanges to behave, and not to mess with their clients' money. Sam Bankman-Fried was the worst, but Justin Sun's not much better, and there were issues with Binance as well.

The crypto-world will only get better if all the crooks are removed.

Bahamian authorities have arrested him but there is much criticism in various quarters as to whether he will go to jail. Because Sam Backman sponsored the political field for any purpose. So that the political authorities can support him if he is in any kind of danger. I think he will be released from the political cell.

I'm starting to think that Republicans are sharpening their chops and knives to plunge/throw at Democrat seats in pretty much any kind of election that happens within the next few months; governors, counties, senate, reps, etc.

All using SBF political donations corruption as ammunition.

Part of me thinks that the whole teams belongs in jail.  The other part of me thinks that there had to be one person who made the decision to start defrauding people.  The rest of them were just doing their jobs right?  With how educated their team was, I can't decide if they were stupid kids who thought they were in control of the crypto space, or genius con artists who worked the laws to hide billions for themselves while giving their attorneys enough leeway to get them off without any serious consequences.  We'll see when things get to court.  I tend to think people as educated as them always had a plan and executed it, but there is a chance they were dumbass kids high on drugs that got way too much investment due to who they knew. 

I did not know some US politicians are so corrupt and shameless until they tried to incriminate CZ Binance for the FTX scam. There's going to be a tough prosecution. I hope justice will prevail

I hope he gets the punishment he deserves, but most of all I hope the user gets most of his assets back. Although this can only be a good wish.

I do not think anyone, even CZ, is innocent in the whole situation. I find it very hard to believe that CZ and Bankman did not collude closely enough for CZ to be aware of what was going on. At the end of the day, CZ benefits very much from FTX collapsing. Binance now has a major footing within the US thanks to FTX collapse. In a macro view, this has even further effects/ramifications outside the confines of crypto, Binance and FTX.

I won't explain any further.

The FUD attacks on binance are probably propagated by binance themselves, as they obviously have the reserves, and the fud campaign validates their reserves in a very public way.

That is a theory anyway. Otherwise, there is a lot of naivety in what you say. Firstly, SBF was not the only one responsible for FTX's demise, there were many many people involved. CZ and SBF collaborated in many ways. CZ is not innocent. Secondly, you are saying that Binance is not positively effected by the fall of FTX? Especially if it means that Binance takes FTX's position in the US and on top of that, majority of its customers, being the biggest alternative to FTX? That opinion is very flawed.

The collapse of FTX benefits Binance in every way possible. Binance gains more power in every way, customers, revenue, profit and political footing in arguably the largest consumer country in the globe.

It's naive, even wrong, to say that Binance is not very positively effected by the collapse of FTX.