According to the indictment, the accounts in question were unfrozen in November 2021. As it happens, in September of that year, FTT hit its highest value ever, at $85. As of this writing, the token trades at about $1.35. That means that $40 million in cryptocurrency in the fall of 2021 is worth about $636,000 today. That’s not pocket change — but it’s not mid-eight figures either.
Nothing I’ve said should be taken to defend the practice of bribery, which is wrong for the reasons I’ve listed and many more. Nevertheless, I cannot resist the tiniest shiver of schadenfreude at the thought that the recipient, if indeed there is one, quite possibly got scammed.
Source: SBF Bribery Charge Has Me Shaking My Head – Bloomberg
