
Ahead of Sam Bankman-Fried's (SBF) sentencing, victims of the FTX collapse have expressed the emotional and financial devastation they suffered, with the Department of Justice (DOJ) filing numerous victim impact statements. SBF's defense team has contested the DOJ's recommendation for a 40 to 50 year prison sentence, labeling it as excessively harsh and not reflective of the crime's severity. They argue for a lesser sentence, opposing what they describe as a 'medieval' punishment and suggesting a downward variance from 63 months. Meanwhile, nearly 300 pages of letters from global victims detail the losses incurred from the FTX collapse. Acting FTX CEO John J. Ray III criticized SBF's claims that customers suffered 'zero' harm, revealing the exchange's significant shortfall in bitcoin holdings, with only 105 bitcoins remaining compared to the nearly 100,000 bitcoins owed to customers.
Acting FTX CEO John J. Ray III slammed claims made by his predecessor Sam Bankman-Fried that customers of the exchange suffered “zero” harm https://t.co/LKcvmY4DT9
Acting FTX CEO John J. Ray III slammed claims made by his predecessor Sam Bankman-Fried that customers of the exchange suffered “zero” harm https://t.co/UY2oNxlH2P
Acting FTX CEO John J. Ray III slammed claims made by his predecessor Sam Bankman-Fried that customers of the exchange suffered “zero” harm https://t.co/wFsziBYJSt














