SBF sentenced to 25 years - thoughts?

btcinfo891

Member

• May 29, 2025

• #1

Sam Bankman-Fried got 25 years for the FTX collapse. Honestly thought he might get less with all the "effective altruism" BS his lawyers were pushing

 

goldkingcoiner

Member

• May 29, 2025

• #2

deserved every fucking year. billions stolen and people acting surprised he got hammered

 

$

$ara

New member

• May 29, 2025

• #3

wait what exactly did he do? i know ftx collapsed but not the details

 

junmisakiro

New member

• May 29, 2025

• #4

he take customer money use for trading... very bad thing in business

 

goldkingcoiner

Member

• May 29, 2025

• #5

lmao "very bad thing" understatement of century

 

hack3rcon

Member

• May 29, 2025

• #6

Used customer deposits to cover Alameda Research losses. Classic commingling. Billions just gone.

 

Major

Member

• May 29, 2025

• #7

About time someone in crypto faced real consequences. Been around since 2013, seen too many scammers walk away rich.

 

$

$ara

New member

• May 29, 2025

• #8

hack3rcon said:

Used customer deposits to cover Alameda Research losses. Classic commingling. Billions just gone.

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what's alameda research?

 

hack3rcon

Member

• May 29, 2025

• #9

@$ara his trading firm, basically used ftx as personal piggy bank for bad bets

 

Fjodor

Member

• May 29, 2025

• #10

25 years not enough imo. should be life for destroying so many people

 

B

bittersweet

Member

• May 29, 2025

• #11

my friend lost 8k when FTX went down. This sentence feels good but doesn't bring back money

 

goldkingcoiner

Member

• May 29, 2025

• #12

bittersweet said:

my friend lost 8k when FTX went down. This sentence feels good but doesn't bring back money

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then he shouldve known better than trusting cefi in 2024

 

B

bittersweet

Member

• May 29, 2025

• #13

goldkingcoiner said:

then he shouldve known better than trusting cefi in 2024

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easy to say in hindsight asshole

 

root777

Member

• May 29, 2025

• #14

bankruptcy proceedings still ongoing. might see some recovery eventually but probably pennies on dollar

 

sk8er

Member

• May 29, 2025

• #15

my dad gonna love this. already thinks all crypto is scams and now biggest exchange ceo going to prison

 

cryptonit

Member

• May 29, 2025

• #16

wonder if this will make other exchange ceos think twice about sketchy practices

 

Patronus

New member

• May 29, 2025

• #17

cryptonit said:

wonder if this will make other exchange ceos think twice about sketchy practices

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doubt it. greed always wins over fear

 

memehunter

New member

• May 29, 2025

• #18

remember when everyone thought this guy was some genius philanthropist?

 

CryptoDada

Member

• May 29, 2025

• #19

The scale of fraud was staggering - one of largest financial frauds in US history according to prosecutors. This needed to happen to restore some credibility.

 

Tyrone

New member

• May 29, 2025

• #20

fucking finally. rich boy thought he could steal billions and get slap on wrist