> bankruptcy proceedings take a long time and to a retail investor ‘you might ge... | Hacker News

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		mcherm on Nov 12, 2022 \| parent \| context \| favorite \| on: FTX faces potential hack, sees mysterious outflows... > bankruptcy proceedings take a long time and to a retail investor ‘you might get some money back in N years’ isn’t so different from ‘you get nothing’. Does anyone actually remember MtGox? It wasn't actually that long ago!

TheOtherHobbes on Nov 12, 2022 [–]

Karpelès never went to jail. He was convicted of poor recording keeping, not of embezzlement, and given a suspended sentence.

If - hypothetically - someone else wanted to take a similar path, the odds of jail time are actually pretty low.

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