Former FTX CEO Sam “SBF” Bankman-Fried has reportedly responded to questioning from information retailers following being sentenced to 25 years in federal jail.
Based on an April 1 report from ABC Information, Bankman-Fried responded through electronic mail to questions from the Metropolitan Detention Middle in Brooklyn, the place he has been held since August 2023. On March 28, Choose Lewis Kaplan of the US District Courtroom for the Southern District of New York sentenced the previous FTX CEO to 25 years after his conviction on seven felony counts.
“I by no means thought that what I used to be doing was unlawful,” mentioned SBF, in accordance with ABC. “I’m haunted, each day, by what was misplaced. I by no means supposed to harm anybody or take anybody’s cash.”
Lots of Bankman-Fried’s solutions to questions appeared to keep away from duty for the collapse of the crypto change in November 2022, claiming he made “unhealthy selections” however didn’t act selflessly or selfishly. His assertion mirrored that of 1 he made earlier than sentencing, primarily justifying his actions earlier than FTX declared chapter and claiming the change “would have survived” and prospects would get repaid.
The assertion to ABC could also be one of many final SBF made earlier than going to federal jail. Choose Kaplan advisable the previous CEO serve the rest of his time at a medium- or low-security jail within the San Francisco Bay Space.
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A March 28 docket entry advised that Bankman-Fried would serve roughly 24.25 years, in consideration of the months already spent behind bars after being remanded by Choose Kaplan. Authorized consultants have advised that the previous CEO may earn years off his sentence for good conduct, however there is no such thing as a parole within the federal jail system.
Bankman-Fried’s legal professionals mentioned on March 28 they supposed to enchantment the decision. No enchantment had been filed on the time of publication.
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