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by CPLX 868 days ago
Do you routinely evaluate the contents of a wallet stolen by a mugger or of a car stolen by a carjacker in this way?
1 comments

I do not. My comment was in response to the parent comment saying that financial crime “absolutely causes people to die” and “create far more misery than your average mugger”.
It seems pretty easy to figure out why taking the equivalent of a hundred million wallets creates more misery than taking one of them right.
A large number of people, less than the “hundred million” that you mention (Wikipedia says FTX had “over one million” customers [0]) lost their highly speculative investment. Yes it’s a crime, and yes it’s serious. All I’m asking for is some nuance.

[0]: https://en.m.wikipedia.org/wiki/FTX

What’s the nuance, that if someone makes a “speculative investment” they deserve to have the money stolen more than if they walk down a “risky alley” or something?