When a former financial star falls, he leaves behind not only shattered dreams, but also deep disappointment and anger among investors. Sam Bankman-Fried, the founder of FTX, was sentenced to 25 years in prison on March 28 for his alleged fraud and money laundering. This verdict is not only a personal punishment for him, but also a moral compensation for those investors who suffered heavy financial losses because of him.

Judge Lewis Kaplan criticized SBF's defense, pointing out that its defense was not only illogical but also misleading. Throughout the trial, SBF's conduct was deemed an obstruction of justice, which ultimately formed part of his heavy sentence.

SBF issued his apology statement in court, admitting that during his leadership at FTX, he made many selfish choices that not only led to his personal decline, but also destroyed the dreams and wealth of countless investors.

FTX was once one of the largest virtual currency trading platforms in the United States, but during the storm in November 2022, it was like a fragile house of cards that quickly collapsed under customers' withdrawal requests. SBF tried to escape but was eventually captured in the Bahamas and extradited to the United States to face trial.

In November 2023, SBF was found guilty of seven counts of fraud and money laundering. Although prosecutors initially sought a 50-year sentence, after a series of legal proceedings, SBF was sentenced to 25 years in prison and spent the pre-trial days in a Brooklyn detention center.

This is a story about trust and betrayal, a narrative about dreams and collapse. It reminds us that ethics and responsibility are indispensable in the pursuit of innovation and wealth. This is not only a trial of SBF, but also a profound reflection on the entire virtual currency industry. #FTX交易所