Former FTX founder Sam Bankman-Fried's legal situation took another turn as political dynamics shift. Currently serving time following his 25-year sentence handed down in 2023 on fraud and conspiracy charges, SBF continues his appeal process through the courts. Recent statements indicate no plans for presidential pardon, despite his earlier political contributions totaling $5.2 million during the previous administration. The case continues to reverberate through the crypto industry, serving as a stark reminder of governance failures and the importance of regulatory oversight in digital asset platforms. SBF's conviction remains one of the most high-profile legal outcomes affecting the Web3 space.
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MoonMathMagic
· 23h ago
5.2 million USD given away for free, dreams of forgiveness shattered, SBF still has to go in and serve time
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DefiPlaybook
· 01-09 06:18
5.2 million USD can't even buy forgiveness? This guy's political lobbying APY is really disappointing.
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The SBF case is actually a wake-up call for all high-yield protocols; don't be fooled by pretty data.
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25 years, if it were in liquidity mining, the principal would have already broken even long ago. How ironic.
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And yet, he still dares to claim he's the chosen one of crypto, but ends up sitting in jail. No matter how perfect the governance mechanism is, it can't save human greed.
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What does the end of the forgiveness plan mean? The political winds have shifted, everyone. In the future, big donors will have to think twice about whether it's worth it.
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MerkleTreeHugger
· 01-09 02:56
Made 5.2 million and just want to buy forgiveness? Laugh out loud, this guy is too naive.
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MindsetExpander
· 01-09 02:55
The $5.2 million bailout dream has been shattered, deservedly so.
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BlockDetective
· 01-09 02:52
SBF, this guy, spent $5.2 million to buy forgiveness and ended up with nothing. Truly a huge loss.
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BottomMisser
· 01-09 02:49
5.2 million USD spent and still no pardon, this guy really lost both his wife and his soldiers.
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BlockchainWorker
· 01-09 02:48
There's no hope for a pardon, SBF really got caught this time. Throwing in 5.2 million was pointless, what does that say... The political donation tactic just doesn't work in the crypto world.
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MissedTheBoat
· 01-09 02:44
5.2 million USD is a waste of time, it seems the pardon is really out of the question haha
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OnchainDetectiveBing
· 01-09 02:41
5.2 million USD can't even save him, this is outrageous
Former FTX founder Sam Bankman-Fried's legal situation took another turn as political dynamics shift. Currently serving time following his 25-year sentence handed down in 2023 on fraud and conspiracy charges, SBF continues his appeal process through the courts. Recent statements indicate no plans for presidential pardon, despite his earlier political contributions totaling $5.2 million during the previous administration. The case continues to reverberate through the crypto industry, serving as a stark reminder of governance failures and the importance of regulatory oversight in digital asset platforms. SBF's conviction remains one of the most high-profile legal outcomes affecting the Web3 space.