Connect with us

Science & Technology

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

on

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.

Subscribe for more on YouTube:

Follow TechCrunch on Instagram:
TikTok:
X:
Facebook:

Read more:

Continue Reading
Advertisement
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

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

CNET

The Daylight DC1 Costs More Than An iPad, With Less Functionality

The Daylight is an e-Ink style black and white tablet that costs nearly twice as much as an iPad at $729. Daylight DC1 was designed to “foster a healthier relationship with technology” by paring down notifications and replacing blue-light with a soothing amber backlight. #daylightcomputer #tablet #ipad #kindle #daylight

Published

on

The Daylight is an e-Ink style black and white tablet that costs nearly twice as much as an iPad at $729. Daylight DC1 was designed to “foster a healthier relationship with technology” by paring down notifications and replacing blue-light with a soothing amber backlight. #daylightcomputer #tablet #ipad #kindle #daylight

Continue Reading

CNET

Take Better Selfies With This Apple Watch Hack

Level up your selfies on iPhone by using the Camera Remote on your Apple Watch. #howto #tech #applewatch #appletips

Published

on

Level up your selfies on iPhone by using the Camera Remote on your Apple Watch. #howto #tech #applewatch #appletips

Continue Reading

CNET

Best Cheap Smartwatches Under $100 (2024)

These smartwatches don’t cost as much as the Apple Watch or Galaxy Watch, but they have almost as many features and way better battery life. I test out the CMF by Nothing Watch Pro, Xiaomi Smart Band 8 Pro and Amazfit Bip 5 Unity. Find the smartwatches here: CMF by Nothing Watch Pro: Amazfit Bip…

Published

on

These smartwatches don’t cost as much as the Apple Watch or Galaxy Watch, but they have almost as many features and way better battery life. I test out the CMF by Nothing Watch Pro, Xiaomi Smart Band 8 Pro and Amazfit Bip 5 Unity.

Find the smartwatches here:
CMF by Nothing Watch Pro:
Amazfit Bip 5 Unity:
Xiaomi Smart Band 8 Pro:
*Cnet may get a commission on this deal.

0:00 Intro
0:33 Smartwatches
0:48 Screen
1:11 Smartwatch Features
1:46 Exclusive Features
2:13 Watch Faces & Design
3:03 Battery Life
3:43 App & Connectivity
4:15 Sports Features
4:46 Accuracy
6:12 The Winner

Subscribe to CNET on YouTube:
Never miss a deal again! See CNET’s browser extension 👉
Check out CNET’s Amazon Storefront:
Follow us on TikTok:
Follow us on Instagram:
Follow us on X:
Like us on Facebook:
CNET’s AI Atlas:
Visit CNET.com:

#smartwatch #budget #tech

Continue Reading

Trending