Get the scoops on all the details of former FTX CEO Sam Bankman-Fried’s 25-year prison sentence, plus the other conditions of punishment.
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Sam Bankman-Fried (SBF), FTX's co-founder, was sentenced to 25 years in prison and $11 billion in forfeiture for massive fraud, marking a historic moment in the crypto industry. Judge Lewis Kaplan emphasized the sentence's necessity due to Bankman-Fried's risk-oriented decision-making philosophy known as “expected value” and lack of remorse.
Sam Enzer joined Unchained to unpack the sentencing, discussing the fairness of the length, explaining how the $11 billion forfeiture would work and how it’s different from the bankruptcy proceedings. Additionally, Enzer provided insights into the kind of prison SBF would end up in and into the three-year supervised release SBF will face after his prison term. The conversation further delved into the broader impact of the sentencing on the crypto industry, suggesting it could signify the end of a dark chapter.

Show highlights:
🔹 Whether the 25-year sentence is fair, according to Sam
🔹 What the $11 billion in forfeiture means for SBF
🔹 Whether the assets of SBF actually belong to the FTX estate
🔹 Where SBF will likely go to prison and why Sam believes that SBF will not go to a maximum security prison
🔹 When the clock starts ticking for the 25-year sentence
🔹 Why SBF will not be eligible for parole and whether he could get "good time credit"
🔹 What the defense will attempt in appealing the conviction
🔹 What types of behavior could get SBF enough credit to appeal for a reduced sentence
🔹 Why SBF will have to be supervised for three years after his release
🔹 How SBF’s philosophy about “expected value,” was theme of the crime, according to Judge Kaplan
🔹 Whether the co-conspirators, such as Caroline Ellison, will be sentenced and serve in prison
🔹 Why Sam says that the sentencing represented "the closing of a dark chapter" in crypto

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Guest
⭐️Sam Enzer, Partner at Cahill Gordon & Reindel
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Time Stamps:
00:00 Introduction
01:30 Sam's view on the fairness of the 25-year sentence
05:50 How the $11 billion forfeiture works
07:58 The ownership of SBF's assets and their relation to FTX
11:07 Potential prison locations for SBF and why maximum security is unlikely
12:18 When SBF's 25-year sentence starts
13:42 Eligibility for parole and "good time credit" for SBF
16:14 Defense strategies for appealing the conviction
20:07 Behaviors that could merit an appeal for sentence reduction
21:15 SBF’s supervised release conditions post-incarceration
23:03 Judge Kaplan's metaphorical description of SBF's actions
31:23 Sentencing prospects for co-conspirators like Caroline Ellison
33:13 Sam on the sentencing's symbolism in crypto's history
35:14 News Recap

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#bitcoin #ethereum #crypto #cryptocurrencies
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