The collapse of the world’s second largest crypto exchange FTX continues to be the all-dominant topic on the market. There are growing voices on social media that Sam Bankman-Fried is on par with legendary fraudster Bernie Madoff.
Madoff has gone down in the history books for running the largest Ponzi scheme in history worth about $64.8 billion. He was chairman of the NASDAQ stock exchange for a time and was sentenced to 150 years in prison for, among other things, money laundering and securities fraud.
Regulators in the United States have already opened investigations, while authorities in the Bahamas, where Bankman-Fried lives in his luxury mansion and where FTX is headquartered, have opened a criminal investigation.
For many, however, this is not enough. They want justice and demand that Bankman-Fried, like Madoff, be thrown in jail because they believe he committed the fraud intentionally.
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