Posted 3/29/2024, 4:12:48 PM
Bankman-Fried Ordered to Repay Over $11 Billion in Massive Crypto Fraud Case, But Unclear If Victims Will Be Repaid
- Sam Bankman-Fried ordered to repay over $11 billion, which will likely financially incapacitate him for life
- Forfeiture money goes to US Treasury, not directly to victims
- Unclear how much Bankman-Fried is currently worth, but likely far below $11 billion
- Getting compensation to victims can take years with white collar crimes
- Magnitude of forfeiture order means government can pursue Bankman-Fried's assets forever
