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Sam Bankman-Fried’s sentencing ends a chapter of the FTX saga | TechCrunch Minute

Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison after being found guilty on all seven counts related to fraud and money laundering. It’s a lengthy sentence, but it’s certainly shorter than the potential maximum of 110 years. As a reminder, the DOJ’s 2022 indictment stated Bankman-Fried knowingly defrauded FTX customers…

Published

8 months ago

March 29, 2024

CYBER TECH TV

As a reminder, the DOJ’s 2022 indictment stated Bankman-Fried knowingly defrauded FTX customers by misusing their deposits to invest in other companies and pay off lenders and expenses. SBF’s sentencing marks the end of one of the most interesting sagas in crypto as the industry as a whole sees greater gains.

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Related Topics:crypto cryptocurrency featured FTX Sam Bankman-Fried sbf tech tech news techcrunch technology

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6 Comments

@bishaldas900

March 29, 2024 at 11:50 am

😅😅😅

Reply
@nizambao4653

March 29, 2024 at 12:03 pm

I am not really surprised at all. 😮😅😂.

Reply
@test-ws7sg

March 29, 2024 at 1:06 pm

The judge is an anti-semite 😂😂😂😂😂😂😂😂

Reply
- @nfr333
  
  March 29, 2024 at 1:48 pm
  
  SBF is a liberal, so he is also
  
  Reply
@iluvcamaros1912

March 29, 2024 at 1:49 pm

I also feel like his rich, entitled boomer parents are partly to blame for where he has ended up in life. All they keep doing is making excuses for him and extolling his non-existent virtues. Not our gifted and talented poor baby he didn’t mean to do it. Umm he did a Bernie Madoff, you don’t do that by accident. You don’t stub your toe and oops stole $8 billion dollars.

Reply
@GrillinDude-ng9kk

March 29, 2024 at 4:52 pm

Only getting 25 years for blowing $8 billion is actually a pretty sweet deal. 25 years is 788,400,000 seconds. That means if he made $10/second every second for the next 25 years, he would make back the $8 billion he owes people. Essentially a sentence of 25 years for wasting $8 billion amounts to a constant wage of $600/minute, or $36,000 per hour. Getting paid $36,000/hour to rot in prison seems like a generous deal to me

Reply