Sam Bankman-Fried, also referred to as SBF within the digital asset house, was sentenced to 25 years behind bars, and his protection lawyer, Marc Mukasey, informed the court docket that the disgraced crypto entrepreneur is “misunderstood” and wasn’t pushed by predation or malice.
Based on the speech posted by Internal Metropolis Press on social media platform X (previously referred to as Twitter), Mukasey stated that Bankman-Fried didn’t need to “inflict ache on anybody in any approach” and made “choices with math in his head, not malice in his coronary heart,” whereas including:
“He’s a clumsy math nerd. He’s into veganism. He has an off-the-chart mind. He’s a lovely puzzle. He can parse phrases higher than a Talmudic scholar. He was a billionaire unconcerned about materials possessions.”
The lawyer stated that SBF’s mom, Barbara Fried, “says he’s misunderstood,” whereas including that it’s simple for individuals to contemplate him “an old school story of the grasping swindler.” Nevertheless, she famous that SBF by no means “scurried away with cash” and “stayed to the tip.”
Mukasey additional added that Bankman-Fried by no means “wished to be the king of crypto” however solely sought to affect the world positively.
“On the finish of the day, it seems like clients will lastly receives a commission, present worth of property. It’s true for lenders and traders as effectively. I suppose I want I had been capable of do extra to assist that, I believe I failed at that. I’m unsure why, however I do assume I did,” stated Bankman-Fried.
Alternatively, FTX Alternate has been promoting its possessions over the previous few months with the intention to repay its collectors and clients.
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