'King of Cryptocurrencies' sentenced to 25 years in prison: 'Never showed remorse for terrible crimes'
Throwback to not forget 👂🏻👆🏻👇🏻
March 28, 2024
In just eight days, Sam Bankman-Fried, 30 years old, who was nicknamed the "King of Cryptocurrencies", declared bankruptcy for his company, FTX, and stepped down as chief executive officer (CEO). On Thursday (03/28), he was sentenced to 25 years in prison for fraud against clients and investors.
The court also ordered the freezing of 11.2 billion dollars from his accounts, equivalent to R$ 56 billion at the current exchange rate.
During the trial on Thursday, defense attorney Marc Mukasey described his client as merely a “clumsy math nerd,” arguing that he was not “a relentless serial financial killer,” as alleged.
Sam Bankman-Fried himself admitted during the trial that he made a “series of bad decisions” that “haunt” him every day. However, he did not explicitly apologize.
The defense also argued that SBF could have resolved the issues at FTX if he had more time. But Judge Lewis Kaplan rejected all these claims and stated that it was “misleading” and “logically flawed” to say that FTX clients lost nothing because they would soon be fully compensated.
A client who lost US$ 2.1 million (R$ 10.5 million) in the collapse also recounted in court how he lives “the FTX nightmare every day.”
SBF was found guilty in 2023 on all seven counts of electronic fraud and conspiracy he was accused of.
why. The game served as an escape valve in his stressful daily life, where he managed two companies that traded billions of dollars a day.
"Some people drink; others gamble. I play League," he said.
guilty or innocent ?????
leave your comment and your like. if you saw and didn’t like, a penis that didn’t rise 🤣🤣🤣🤣🤣
GOOD NIGHT TO ALL. AVANT CRYPTOS TRADERS.
Throwback to not forget 👂🏻👆🏻👇🏻
March 28, 2024
In just eight days, Sam Bankman-Fried, 30 years old, who was nicknamed the "King of Cryptocurrencies", declared bankruptcy for his company, FTX, and stepped down as chief executive officer (CEO). On Thursday (03/28), he was sentenced to 25 years in prison for fraud against clients and investors.
The court also ordered the freezing of 11.2 billion dollars from his accounts, equivalent to R$ 56 billion at the current exchange rate.
During the trial on Thursday, defense attorney Marc Mukasey described his client as merely a “clumsy math nerd,” arguing that he was not “a relentless serial financial killer,” as alleged.
Sam Bankman-Fried himself admitted during the trial that he made a “series of bad decisions” that “haunt” him every day. However, he did not explicitly apologize.
The defense also argued that SBF could have resolved the issues at FTX if he had more time. But Judge Lewis Kaplan rejected all these claims and stated that it was “misleading” and “logically flawed” to say that FTX clients lost nothing because they would soon be fully compensated.
A client who lost US$ 2.1 million (R$ 10.5 million) in the collapse also recounted in court how he lives “the FTX nightmare every day.”
SBF was found guilty in 2023 on all seven counts of electronic fraud and conspiracy he was accused of.
why. The game served as an escape valve in his stressful daily life, where he managed two companies that traded billions of dollars a day.
"Some people drink; others gamble. I play League," he said.
guilty or innocent ?????
leave your comment and your like. if you saw and didn’t like, a penis that didn’t rise 🤣🤣🤣🤣🤣
GOOD NIGHT TO ALL. AVANT CRYPTOS TRADERS.
