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Topic: Free SBF? - page 2. (Read 331 times)

hero member
Activity: 3136
Merit: 579
December 19, 2024, 09:16:45 AM
#10
Is there a strong call to free SBF I don't think there will be one. If there's one person who people are wishing to rot in jail, it should be SBF, It will stir up a lot of emotions like frustration and anger if Trump ever thinks of releasing SBF, and he's safe in his prison because people might do him harm if he is released without finishing his jail term. They will take justice into their own hands because freeing him is an injustice for many people.
hero member
Activity: 1736
Merit: 798
December 19, 2024, 08:53:59 AM
#9
I know this sounds absurd, but is there any hope for SBF (Sam Bankman-Fried) being released anytime soon? I'm not justifying SBF's actions. It's just that I've thought maybe SBF could receive a presidential pardon or something similar that would free him from jail (a second chance to do things right). I mean, if Donald Trump will free Ross Ulbricht, why not also free SBF? In the aftermath of SBF's release, what do you think will happen with FTX? How will the crypto industry react?

Between Ross Ulbricht & SBF, there is a difference in their cases. Ross Ulbricht actually created a platform that facilitates the sale/purchase of illegal stuff. This means that from the start this platform was at fault.

While SBF didn't create anything illegal like FTX, he abused his authority there, causing management within FTX to collapse which resulted in their users experiencing losses.

IMO, if SBF is also released, the crypto industry will react strongly to that decision. I personally also don't think that releasing SBF is a good decision.
hero member
Activity: 2870
Merit: 594
December 19, 2024, 08:03:44 AM
#8
I know this sounds absurd, but is there any hope for SBF (Sam Bankman-Fried) being released anytime soon? I'm not justifying SBF's actions. It's just that I've thought maybe SBF could receive a presidential pardon or something similar that would free him from jail (a second chance to do things right). I mean, if Donald Trump will free Ross Ulbricht, why not also free SBF? In the aftermath of SBF's release, what do you think will happen with FTX? How will the crypto industry react?

Just brainstorming here. Would love to know what you think. Thank you. Smiley
Nah, I doubt that he will get a presidential pardon because of the extend of this crimes. Ross and SBF are two different cases and you can't compare them. I don't know how close SBF to Trump, but regardless, it will be a disaster for his Presidency if he will allow SBF to be released and it will damage Trump's reputation for sure.

Let SBF suffer from his crime, and although Trump promise a government that is pro-Bitcoin, no way that they will allow him to get out of jail just because it will defeat their purpose in the first place.
copper member
Activity: 196
Merit: 6
December 19, 2024, 03:56:52 AM
#7
Ross Ulbricht and Sam Bankman-Fried are in a very different situation. I don't think a criminal like Sam Bankman-Fried will ever be pardoned. The 25-year sentence he received is already too little considering the extent of his fraud. Letting people like this go free would undermine faith in the legal system. Besides that, if we look at the political side of things, the chances of Trump letting him go seem zero.

Agreed.
Imagine the backlash the administration would receive because of such an act.
I think it wouldn't happen, and if it did - there probably would be a scandal due to it.
hero member
Activity: 2618
Merit: 612
December 19, 2024, 03:32:36 AM
#6
If he were ever to be released or pardoned, the backlash would be immense both from frustrated investors and from those striving to restore the crypto industry's credibility.

I think reviving FTX is unlikely because trust is the backbone of any financial platform and he has shattered that trust. Even if the legal system gave him another chance, the community’s trust especially here in this industry that thrives on decentralization and accountability would be nearly impossible to rebuild.
?
Activity: -
Merit: -
December 19, 2024, 03:20:50 AM
#5
SBF case is definitely a controversial one. It's understandable why you might think about it where some feel a second chance is warranted. But SBF's case is a lot different. He's facing serious allegations of fraud and financial misconduct not to mention the billions of dollars lost by investors, clients, and employees. In this context, it would be hard for a pardon to gain widespread support especially from the public who feels betrayed by what happened at FTX. Given the scale of the damage, a pardon might even risk undermining faith in both the justice system and in crypto which is already struggling with trust issues
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
December 19, 2024, 02:39:11 AM
#4
That would be chaos if he gets some treatment like that or presidential pardon. He has embezzled people's money with his business and there's no forgiveness with that. While he's serving jail, who knows what may happen in the future if the politicians that he has given some of the benefits when he's still got some wealth might remember him and do him some favor. Well, it's all random and we don't know for who are those people that might get close to him when he's no longer able to influence and no money at all. In short, he's no use even if he's going to be freed.

I know. SBF would need to prove he changed before receiving any pardon (if any). Even if he gets out of jail, many people (frustrated investors) will be on his tail. They might even go as far as taking justice out of their own hands. Like some sort of vigilante. Unlike Binance's CZ who admitted he was wrong and assumed responsibility. He paid a fine to the US DOJ for money laundering. Now that he's out, the community considers him as some sort of hero.

With SBF, it will be a completely different story. Everyone will look at him as the villian who took investors' money and damaged crypto's reputation. I doubt he will revive FTX if he gets out. But you never know. And don't let me get started on Do Kwon.
EFS
staff
Activity: 3976
Merit: 2260
Crypto Swap Exchange
December 17, 2024, 07:59:12 PM
#3
Ross Ulbricht and Sam Bankman-Fried are in a very different situation. I don't think a criminal like Sam Bankman-Fried will ever be pardoned. The 25-year sentence he received is already too little considering the extent of his fraud. Letting people like this go free would undermine faith in the legal system. Besides that, if we look at the political side of things, the chances of Trump letting him go seem zero.
hero member
Activity: 3192
Merit: 597
Leading Crypto Sports Betting & Casino Platform
December 17, 2024, 06:57:18 PM
#2
That would be chaos if he gets some treatment like that or presidential pardon. He has embezzled people's money with his business and there's no forgiveness with that. While he's serving jail, who knows what may happen in the future if the politicians that he has given some of the benefits when he's still got some wealth might remember him and do him some favor. Well, it's all random and we don't know for who are those people that might get close to him when he's no longer able to influence and no money at all. In short, he's no use even if he's going to be freed.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
December 17, 2024, 01:46:47 PM
#1
I know this sounds absurd, but is there any hope for SBF (Sam Bankman-Fried) being released anytime soon? I'm not justifying SBF's actions. It's just that I've thought maybe SBF could receive a presidential pardon or something similar that would free him from jail (a second chance to do things right). I mean, if Donald Trump will free Ross Ulbricht, why not also free SBF? In the aftermath of SBF's release, what do you think will happen with FTX? How will the crypto industry react?

Just brainstorming here. Would love to know what you think. Thank you. Smiley
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