[mikeyouse]

People have completely unrealistic expectations of our criminal justice and regulatory system. FTX failed less than a month ago, investigators need to collect evidence of their wrongdoing, establish some sort of jurisdictional claim that allows them to be prosecuted in the US, present that evidence to a Federal Grand Jury, and then have them authorize an indictment. At that point the DOJ would need to get cooperation with wherever the executives are physically located to have them arrested and then eventually extradited.

They didn’t set up in the Caribbean for the weather, but to ensure they were largely free from US regulation. As desired by most crypto enthusiasts!

None of this is quick but as true as before, “The wheels of Justice turn slowly but grind exceedingly fine.”