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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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CNET

Android 15: Best New Features

Google has just released the latest beta version of Android 15, and I’ve loaded it on the Pixel 8 Pro to see what’s new. The biggest changes include the Private Space feature and partial screen recording. Google Drops Second Android 15 Beta. Here’s How You Can Download It Right Now 0:00 Intro 0:14 Availability 0:46…

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Google has just released the latest beta version of Android 15, and I’ve loaded it on the Pixel 8 Pro to see what’s new. The biggest changes include the Private Space feature and partial screen recording.

Google Drops Second Android 15 Beta. Here’s How You Can Download It Right Now

0:00 Intro
0:14 Availability
0:46 Private Space
2:03 Screen Recording
2:35 Volume Panel
3:01 Default Digital Wallet
3:17 App Pairs
3:29 Keyboard Vibration
3:47 Predictive Back
4:11 Other Updates

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CNET

Anybody Else Feel This Way?

While we’re still putting together everything Google revealed at I/O, we still kind of feel like Duke. We can only wait and see how this all plays out. Find more about Google I/O and AI at CNET.com. #google #googleio #googlegemini #dukedennis #kaicenat #tech #short

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While we’re still putting together everything Google revealed at I/O, we still kind of feel like Duke. We can only wait and see how this all plays out.

Find more about Google I/O and AI at CNET.com. #google #googleio #googlegemini #dukedennis #kaicenat #tech #short

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OpenAI and Google’s busy week, and why are so many VCs leaving their firms? | Equity Podcast

On this episode of Equity, Mary Ann Azevedo, Rebecca Szkutak and Haje Jan Kamps dig into an Oslo startup using AI help wind farms mitigate its impact on birds, the new AI features announced by OpenAI and Google, and the trend of VC investors leaving their firms. Equity is a show about the business of…

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On this episode of Equity, Mary Ann Azevedo, Rebecca Szkutak and Haje Jan Kamps dig into an Oslo startup using AI help wind farms mitigate its impact on birds, the new AI features announced by OpenAI and Google, and the trend of VC investors leaving their firms.

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.

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