Defrauded N FTX users of a total of $X.
Or
Stole $X from N FTX users.
(Fill in N and X).
So I think “encouraged/justified a fraudster who used $8bn of customer funds fraudulently. Currently it looks like about 2/3rds of that will be returned”
FTX claims look to be selling for about 20 cents on the dollar, so 2⁄3 seems optimistic
e.g., https://www.x-claim.com/
Defrauded N FTX users of a total of $X.
Or
Stole $X from N FTX users.
(Fill in N and X).
So I think “encouraged/justified a fraudster who used $8bn of customer funds fraudulently. Currently it looks like about 2/3rds of that will be returned”
FTX claims look to be selling for about 20 cents on the dollar, so 2⁄3 seems optimistic
e.g., https://www.x-claim.com/