Maybe he should have hanged out with Do Kwon as he seems to be too slippery for interpol. However i am interested to see what US laws he broke when FTX didn't even serve US citizens. Maybe something to do with market manipulation. But then again Do Kwon runs free.
Yeah Do Kwon is the elephant in the room. Have you noticed since SBF's collapse of FTX occurred there has been little to no news about Do Kwon? I'd say he was definitely the domino that brought the crypto industry to its knees followed by other exchanges that had an interest in Do Kwon's LUNA. SBF was merely the second domino to fall. Will Binance and Tether be the next to fall? Your thoughts?
Well, I'm glad I was wrong. I didn't think he would face any criminal charges.
Read the charges briefly, he's facing up to life in prison but no one is ever sentenced at the top of sentence recommendations. If he is in fact guilty after proper due process, throw the book at him.
Elizabeth Holmes frauded about 700M USD, she got 13 years in prison.
Bernard Lawrence Madoff frauded 65B USD, he got 150 years.
If convicted, what could SBF get for vaporizing 10B USD? Perhaps the rest of his life?
Maybe this was all a charade to appease the public. People would be furious if they let him of the hook but now they'll make all the hearings, committees, maybe a trial... and then let him go. He'll get a long list of sentences but if you sum them all up it's going to be like a million dollar fine, 2 years of house arrest and a lifetime ban on running companies.
I doubt he'll get 10 years but given what he did he should at least get that.
Probably if he can bribe them with the hidden stolen money.
I'm not so sure we'll see a 'Prompt' Extradition to the US. I imagine his lawyers will probably be fighting that for a while in order to keep him in a nice cushy penthouse in the Bahamas as long as possible. I also believe he'll probably get bail and be placed on some sort of house arrest while he awaits trial. We'll see... He donated a lot of money to a lot of important people, so I imagine he has no shortage of legal counsel that will pull all the strings in the world to keep him safe and happy. I'd love to be wrong, but I think his funneling money to the right democrats will keep him from seeing too much time in a cell. That or he'll be suicided.
You know I was thinking this the other day that he'd be Epstein'd suicided and then disappear. Only to reappear with big beard and a ZZTop hat if catch what I'm saying moving to Israel.
Well, I'm glad I was wrong. I didn't think he would face any criminal charges.
Read the charges briefly, he's facing up to life in prison but no one is ever sentenced at the top of sentence recommendations. If he is in fact guilty after proper due process, throw the book at him.
Elizabeth Holmes frauded about 700M USD, she got 13 years in prison.
Bernard Lawrence Madoff frauded 65B USD, he got 150 years.
If convicted, what could SBF get for vaporizing 10B USD? Perhaps the rest of his life?
Well said, I still think they'll drag this trial out almost as long as the Elizabeth Holmes trial. Who knows what they'll give him for charges. I wonder if his girlfriend will cut a deal or already has which is why he is being arrested.
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Anyway, check this one out:
Sam Bankman-Fried on Luna, Genesis & 3AC [UNRELEASED AUDIO]
https://www.youtube.com/watch?v=T_Sue4Ca0dI
