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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…

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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 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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6 Comments

6 Comments

  1. @bishaldas900

    March 29, 2024 at 11:50 am

    😅😅😅

  2. @nizambao4653

    March 29, 2024 at 12:03 pm

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

  3. @test-ws7sg

    March 29, 2024 at 1:06 pm

    The judge is an anti-semite 😂😂😂😂😂😂😂😂

    • @nfr333

      March 29, 2024 at 1:48 pm

      SBF is a liberal, so he is also

  4. @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.

  5. @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

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Jack Dorsey leaves Bluesky’s board | Equity Podcast

On this episode of Equity, Jack Dorsey is out at Bluesky, tech shops around the world are doing more with less, and China is set to deliver a new IPO. Equity is a show about the business of startups, where we unpack the numbers and nuance behind the headlines. New episodes drop at 7 a.m.…

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On this episode of Equity, Jack Dorsey is out at Bluesky, tech shops around the world are doing more with less, and China is set to deliver a new IPO.

Equity is a show about the business of startups, where we unpack the numbers and nuance behind the headlines. New episodes drop at 7 a.m. PT every Monday, Wednesday and Friday. Subscribe wherever you get your podcasts.

For episode transcripts and more, head to Simplecast:

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A Climate Solution? The Wisdom Passed Down Through Generations | Louise Mabulo | TED

Louise Mabulo grew up on seemingly strange farming tips from her parents and grandparents — like planting crops during a full moon or burying a rock beneath them. Now a farmer and climate activist herself, she sees how these practical nuggets of wisdom actually have scientific merit. Learn how she’s merging traditional knowledge with modern…

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Louise Mabulo grew up on seemingly strange farming tips from her parents and grandparents — like planting crops during a full moon or burying a rock beneath them. Now a farmer and climate activist herself, she sees how these practical nuggets of wisdom actually have scientific merit. Learn how she’s merging traditional knowledge with modern science to help farmers (and the world) adapt to a changing climate.

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CNET

This AI Robot Exoskeleton Made Me Run Faster Than Ever

The DNSYS X1 is a powered exoskeleton that uses AI to predict your future joint movement, then gives you support when you need. It’s designed for walking, hiking and running and costs $600. Read more on CNET: As always, please note that CNET’s reporting on crowdfunding campaigns isn’t an endorsement of the project or its…

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The DNSYS X1 is a powered exoskeleton that uses AI to predict your future joint movement, then gives you support when you need. It’s designed for walking, hiking and running and costs $600.

Read more on CNET:

As always, please note that CNET’s reporting on crowdfunding campaigns isn’t an endorsement of the project or its creators. Before contributing to any campaign, read the crowdfunding site’s policies — in this case, Kickstarter — to find out your rights (and refund policies, or the lack thereof) before and after a campaign ends.

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1:27 With Exoskeleton
2:35 Workout Mode
2:59 Reveal
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