Yes but at the same time, anyone attempting to set up legitimate crypto exchanges and engage in the kinds of shenanigans SBF indulged in will know to check with their lawyers before moving now, because they'll have to think "Will doing this (possibly fraudulent activity) land me in jail for 25 years like SBF?" - that's a decent deterrent.
I don’t know if I disagree, because I have not thought seriously about the risk/reward.
My point along with the grand parent is that at a certain point it is more costly than it is worth in deterrence. And the data backs that up, generally.
