[hn_throwaway_99]

He is not the "fall guy" considering he, along with Alameda's CEO, make the direct, conscious decision to embezzle customer funds to prop up Alameda. Just because he stole what looks to be a billion dollars doesn't mean there are no other bad actors.

I think this article is great. I've commented on this for a while, but I still can't fathom why most of the media isn't highlighting that this was plain old, straightforward theft. There is no gray area here, the lack of crypto regulations are pretty irrelevant, and I'm glad a journalist is saying clearly that this was just fraud and theft.