I like how at least 3/5 of the sharks on Shark Tank have been involved in crypto scams and they still have the audacity to sneer at these other companies that make real products

I have to imagine some of the assets can be seized (such as the properties they bought), but I’ve also heard a lot of the money was gambled away on other crypto. It will be interesting to see what happens going forward, and if the founders will be facing any criminal charges in the future.

One of the questions that nobody seems to be asking is why/how respected investors such as Kevin O’Leary were fooled by Sam and FTX. From what I understand, there were lots of warning signs and red flags that should have scared informed investors away. How were these seasoned investors fooled, and did any of them knowingly benefit from the FTX fiasco?

A Ponzi scheme would have lasted longer, because new money invested pays old investors cashing out.

This was just theft and/or fraud. A scam that funneled money directly into the scammer’s pockets.