This is a special post for quick takes by Yellow (Daryl). Only they can create top-level comments. Comments here also appear on the Quick Takes page and All Posts page.
If you think about the fraud SBF did, it could technically be thought of as merely a redistribution of wealth from those who held FTX to those who shorted ftx and almeda.
Could it be possible that this redistribution was good?
For every dollar someone lost, someone else gained a dollar, I wonder where that money went.
Michael Lewis tries to provide some rough estimates in the last chapter or two of "Going Infinite". From memory, his answer is more or less along the same lines as Jason's comment. Also, some of the money was stolen in hacks, and some has now gone to the bankruptcy lawyers etc.