[FTX founder SBF sentenced to 25 years in prison]

FTX founder SBF has been sentenced to 25 years in prison during a tumultuous period involving charges of fraud, perjury and witness intimidation. Despite his defense attorney's attempts to portray him as a misunderstood genius, Judge Kaplan delivered a harsh ruling based on SBF's lies about its handling of FTX client funds and attempts to intimidate witnesses.

SBF's lawyer Marc Mukasey, who described him as an "awkward math geek" with a passion for animal welfare and vegetarianism, insisted SBF had no intention of causing any harm and said that given more time, he could have solved the problems facing FTX .

However, prosecutors revealed more than $11 billion in financial losses caused by SBF's conduct, in stark contrast to the defense's assertion of no substantial losses. Judge Kaplan dismissed the notion that victims could receive full compensation through bankruptcy proceedings, calling it "misleading" and "speculative."

SBF expressed regret for what happened and admitted its mistakes. This ruling is not only a ruling for the SBF, but also an important warning for the regulation of the cryptocurrency industry, highlighting the risks of a lack of responsibility in the process of rapid financial innovation.

#鴉快訊 #FTX