Judge Lewis Kaplan could potentially sentence the former FTX CEO to decades in prison on March 28 following his November 2023 conviction.
Victims of defunct cryptocurrency exchange FTX have issued statements ahead of Sam “SBF” Bankman-Fried’s sentencing hearing, describing the emotional and financial impact of the former CEO’s actions and the collapse of the firm.
In March 18 filings in United States District Court for the Southern District of New York, prosecutors released several victim impact statements regarding Bankman-Fried and former FTX and Alameda executives Gary Wang, Caroline Ellison, Nishad Singh and Ryan Salame. With the exception of a representative for BlockFi users, many of the statements had personal information redacted as part of efforts by prosecutors to protect victims’ privacy.
“[W]e entrusted FTX with our hard-earned savings, believing in the integrity of the platform and the digital assets it facilitated,” said one unidentified victim. “However, the abrupt downfall of FTX has not only resulted in a substantial financial loss of over $19,000 at current prices but has also shaken the very foundation of our trust in the digital asset space.”
