[trident5000]

I have no idea how this plays out.

One question is what was in the agreement for FTX users? Can FTX use deposits for investments and to fund his other businesses?

In my view the path to prison for SBF is likely to come in the form of misleading investors rather than customers, but I dont know what the pitch deck told them at the time of funding. It might not even be against the law regarding what he did to customers despite the immense destruction.

[tpxl]

> One question is what was in the agreement for FTX users? Can FTX use deposits for investments and to fund his other businesses?

I doubt you can just put that in the ToS and EULA.

> In my view the path to prison for SBF is likely to come in the form of misleading investors rather than customers

This isn't like Theranos, there is clear and provable monetary harm that was done.

[trident5000]

"monetary harm" isnt a broken law. Im wondering what the specific rules are that he broke that could land him in jail for mismanaging customer funds. Its an odd case because the space has little regulation.

[cykros]

Some of that will ultimately be determined by whether or not it's against Bahamian law, rather than US law, which opens up a whole 'nother can of worms. The fact that he had over 100 companies he was operating makes this a dizzying case to speculate on the specifics of from a legality standpoint. I don't envy anyone who gets tapped for jury duty for this case.