
Sam Bankman-Fried (SBF), the former CEO of FTX, is set to be sentenced this Thursday in Manhattan, facing a potential maximum sentence of up to 110 years for his role in a historic crypto crime spree. The sentencing has sparked a wide range of opinions, with some advocating for a severe penalty, while others, including a former U.S. prosecutor who took down Bernie Madoff, suggest that a life sentence may be excessive. FTX's new CEO, John Ray, criticized SBF for the economic harm caused to victims, stating they will never be fully compensated. Legal experts and market consensus hint at a likely sentence range of 20-30 years, drawing comparisons to other high-profile cases like Elizabeth Holmes' 11-year sentence and Bernie Madoff's 150-year sentence. The U.S. Department of Justice (DOJ) is reportedly seeking 40-50 years, emphasizing the gravity of SBF's crimes and reiterating a $1.7 billion loss figure. Amidst this, SBF's legal team argues for a significantly lighter sentence of 5 ½ to 6 ½ years, citing his autism spectrum disorder as a factor for consideration and suggesting that FTX customers might get their money back. The DOJ has submitted 52 victims' statements to the Attorney’s Office, marking a pivotal moment for the crypto industry and its regulatory future.
Today is the day of SBF's sentencing. How many years do you think he will get? 👇👇
Sam Bankman-Fried will grow old in jail. But don’t forget those who basked in his orbit | Aditya Chakrabortty https://t.co/V1wAAI0pO9
Column: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him https://t.co/RxjWw192nK














