Sam Bankman-Fried Is Going to Prison, but the Fight Over Money at FTX Drags On – WSJ

Spring has brought a measure of justice for FTX’s victims: Sam Bankman-Fried, the crypto exchange’s founder, was sentenced last month to 25 years in prison for what prosecutors called one of the largest financial frauds in U.S. history.

But for many onetime FTX customers, the exchange’s collapse is still a source of anger and frustration. Some are fighting to recover what they can from bankruptcy trustees who are preparing to distribute billions of dollars as soon as this year. Others are regretting their decisions to sell the claims to their FTX accounts to savvy hedge funds for pennies on the dollar. Some of these hedge funds stand to double their investment or more when the distributions take place.

Source: Sam Bankman-Fried Is Going to Prison, but the Fight Over Money at FTX Drags On – WSJ