Many on social media suggested that 25 years was “too light” given the former FTX CEO’s crimes, speculating that he would end up serving less time in prison.
More than 500 days after the collapse of cryptocurrency exchange FTX, users have an answer for the number of years former CEO Sam “SBF” Bankman-Fried will face in prison: 25.
In a March 28 hearing, Judge Lewis Kaplan sentenced the former FTX CEO to 300 months in prison for his conviction related to misusing customer funds. Prosecutors had suggested up to 50 years in prison for SBF, while his defense attorneys requested the judge be lenient and only impose up to 6.5 years. The judge added the former CEO had committed perjury and intimidated witnesses.
Immediately following the announcement in the New York courtroom, crypto users jumped onto social media to express their thoughts. Many suggested that 25 years wasn’t enough time given longer sentences handed down for seemingly less serious crimes.
