NEW YORK, March 15 (Reuters) - Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange, prosecutors said on Friday. … “Even now Bankman-Fried refuses to admit what he did was wrong,” prosecutors wrote in a sentencing memorandum. “His life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money.”

  • danhab99@programming.devEnglish
    1·
    8 months ago

    I am dying of curiosity to learn what SBF actually did with 8billion dollars… like how much money can you spend before you run out of things to spend on?

  • polygon6121@lemmy.worldEnglish
    0·
    8 months ago

    Fuck that. Because he gambled with rich peoples money? How would a 40 year prison sentence rehabilitate him from that… I say it is pointless, release the man! In fact, we need more like him. Eat the rich!

    • xthexder@l.sw0.comEnglish
      1·
      8 months ago

      FTX had over a million users, and was advertising publicly on things like the Superbowl. It wasn’t just rich people that lost money on FTX.