The 25-year penalty of Sam Bankman-Fried led to the expression of different views in the crypto community and law circles. Some names argue that the penalty is excessive, some of them deserve the punishment of the wrong management practices of SBF, he said. Discussions brought up issues such as cash flow problems of the FTX platform and the repayment of customer money.
Crypto community explanations
Some members of the crypto community, SBF’s decisions are excessive, while mischief administration practices arose as a result of incorrect actions, not with criminal intention. In the relevant statements, the reason for the bankruptcy of FTX was emphasized that there is a shortage of cash flow rather than bankruptcy.
Zach: “Payments to customers are made with full and interest. Bankruptcy seems to be a service error, not a deliberate corruption.”
Zach member of the crypto community, the fall of the platform attributed to managerial mistakes. The statement pointed out that SBF acted with an understanding of utilitarianism and effective help. However, he also stated that the SBF did not accept the guilt and that the sentence was not fair in his debate.
John Deaton’s hard assessment
John Deaton, a lawyer expert in crypto, argued that the SBF has fulfilled the requirement of the penalty. In the statement of Deaton, Bankman-Fied deserves every year and said that similar sanctions should be applied to his family. In their statements, it was emphasized that the philanthropic image presented by the SBF to the public was unreal.
John Deaton: “Sam Bankman-Fried literally deserves his sentence, and his family must face responsibility.”
Discussions for the Future
Market supervisors and regulatory institutions have discussed how the justice system will take an approach in similar cases in the future. Federal officials focused on crypto issues, but left other issues to different institutions. In the past, some important names applied to some important names, while the SBF in the case of a similar approach to be followed was the subject of curiosity.
The current discussions reflect different perspectives in terms of execution of the punishment and the provision of justice. Critics, in addition to the errors of the SBF, as well as the unforgivable aspects of the agenda, while the steps of regulatory institutions in this regard is still unclear. The uncertain environment in the crypto market contains hope and concern about the future of this case at the same time.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
