25 years is not enough, for the victims and the prosecutors are expecting at least 50 years jail sentence, in fact at the time that he is free he is only 57 years still young to enjoy the billions of dollars he scammed from his investors, he can enjoy of the rest of his life.
Just imagine he will have to wait for 25 years and then enjoy the money for 25 years or more, it sent the wrong signal that you can scam spend a few years in jail and enjoy for the rest of your life the money you scam.
Topic: Sam Bankman-Fried, the "Crypto King" jailed for 25 years - page 2. (Read 223 times)
With all of the clarification on how he has obtained his wealth, he can't be counted as a young billionaire because it was the people's money and he didn't do any sweat with that. Good riddance, although I am still seeing a lot of folks that wanting him to get into jail more than the verdict. 25 years for all of the stealing and misusing of people's funds, there's gotta be more with that but as long as he's going to get inside the jail and celebrate all of his days there, many are seeing justice within.
That should be done to each and everyone here in the crypto world who is doing scams and promoting negative impacts about crypto. Yes the newbies are also responsible for their actions when they get scammed but the real one behind this all is the one who does it intentionally.
This is a good example to set but it needs to be addressed more sincerely and precisely. We need to make sure that like other sectors of earnings the crypto world should also be looked after. There should be proper laws and regulations regarding the launch of the projects and there should be an established institution to look after that. It's really important nowadays because of the expending crypto world.
This is a good example to set but it needs to be addressed more sincerely and precisely. We need to make sure that like other sectors of earnings the crypto world should also be looked after. There should be proper laws and regulations regarding the launch of the projects and there should be an established institution to look after that. It's really important nowadays because of the expending crypto world.
he stays 25 years inside, he comes out of the jail with his asshole's radius as wide as 25 inches. he's a freak of nature now, he'd be freaker then.
if i am one of those who lost money through FTX, i wouldn't mind if this guy gets out of jail the next day as long as a percentage of my money will be recovered.
makes no sense when there is no discussion about whether the investors can get their money back.
That man should be sentenced to death for what he have done. Many families were destroyed because of him and his irresponsibility. I think the punishment he gets is not enough, and he deserves even more than 25 years. It seems his family influence help him a lot in this trial. Also i wanted to know what happens with his girlfriend and the head of the alameda research. Aren't they or she also responsible for this blunder they made together. She should also be in jail.
It is understandable to feel so strong about a significant crime committed by the CEO of a leading crypto company, specially when his unwise decision and actions result in loss of millions of dollars to the investors who trusted him. Such action can devastate the financial security of countless people who placed their faith in the integrity of the company and its leadership.He knew what he was doing is wring but he didn't think of the millions of investors who had stake in his crypto exchange. he knew what he was doing is wrong, yet he failed to consider the millions of ivestots who had stake in his crypto exchange.
At least he will be out of jail at 55 or 60, still having many years to live a luxurious life, unlike many who now have a hard life because they lost all their money to him. 11 billion dollars, man, maybe that's the GDP of a small country. 
I too lost a lot buying FTX token at $55 and selling for $5. FTX was the exchange at that time. They offered the cheapest trading fees among entire A tier exchanges and it's volume was rapidly increasing. Sam Bankman-Fried did used the funds deposited by the users without consent and offered it to his own company called Alameda Research. Everything was fine till the bull lasted but when the bear arrived, Sam had more loans than assets. There's a lack of transparency and regulations on crypto exchanges that enables a few people to use the coins the way they want. This has time and again brought problems.
That's only 25 years, and it must have been around 100 years for his big crime. Thousands of people are losing their money even, and some of them are also doing suicide. SBF must be fully responsible for all the chaos that happened to all affected users. The sanction shall be shorter than 25 years, which looks light for him.
SBF has been doing one of the biggest crimes in the cryptocurrency, and he deserves to be jailed for 1 century. He will be wasting all of his time in the jail which sounds good.
SBF has been doing one of the biggest crimes in the cryptocurrency, and he deserves to be jailed for 1 century. He will be wasting all of his time in the jail which sounds good.
That man should be sentenced to death for what he have done. Many families were destroyed because of him and his irresponsibility. I think the punishment he gets is not enough, and he deserves even more than 25 years. It seems his family influence help him a lot in this trial. Also i wanted to know what happens with his girlfriend and the head of the alameda research. Aren't they or she also responsible for this blunder they made together. She should also be in jail.
It really puts things into perspective that one day you
might be the richest person on the planet and the next day
you will have nothing but a cent. May this become a reminder
that we should be careful with our funds and not trust just about
anyone because it is so easy to lose the money you just worked for.
might be the richest person on the planet and the next day
you will have nothing but a cent. May this become a reminder
that we should be careful with our funds and not trust just about
anyone because it is so easy to lose the money you just worked for.
Sam Bankman-Fried, commonly know as the "Crypto King" and "The Golden Boy" who was the founder of FTX exchange, was convicted and sentenced to 25 years in prison for for defrauding customers and investors. A New York court gave away that sentence. Further, he needs to forfeit $11bn to compensate victims.
He was one of the youngest billionaire, a billionaire in early 20s, greed and risking people money without consent led him to being sent to jail at the age of 32.
https://www.bbc.com/news/business-68677487
He was one of the youngest billionaire, a billionaire in early 20s, greed and risking people money without consent led him to being sent to jail at the age of 32.
https://www.bbc.com/news/business-68677487
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