If one considers the customer losses at other crypto companies that have filed bankruptcy, potentially as a result of their exposure to FTX, the total dollar amount of losses may come close to or even exceed the estimated $17.8 billion of lost principal in the Madoff fraud. Currently, Ray is acknowledging $8 billion of missing customer funds at FTX, while indicating that records are in disarray and funds are still being tracked. More

The post Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff appeared first on CounterPunch.org.

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