Sentenced to 25 years in prison and confiscated more than $11 billion in assets, SBF’s “trial of the century” finally came to an end

FTX founder SBF (Sam Bankman-Fried) was sentenced to a total of 25 years in prison for his involvement in multi-billion dollar fraud, and more than $11 billion in assets were confiscated. During the trial, many FTX victims accused FTX of failing to fully compensate the victims, and FTX’s law firms were also accused of trampling on the property rights of creditors.

SBF's lawyers described him as a vegetarian who didn't care about material wealth and insisted he never meant any harm. However, the judge found that SBF had perjured himself three times and attempted to tamper with witnesses. In the end, the judge determined that SBF had abnormal ambitions and had a contemptuous attitude towards supervision.

SBF acknowledged that its decisions contributed to the collapse of FTX and Alameda Research and apologized. However, the court found that SBF’s performance lacked remorse and had a huge impact on the reputation of the crypto industry.

SBF had a difficult life in prison and became a target for blackmail. His parents were also accused of embezzling millions of dollars. Although SBF’s trial of the century has ended, his actions have taught investors and practitioners profound lessons. #BTC #ETH（二饼）