Sam Bankman-Fried sentenced to 25 years in prison

Re:Sam Bankman-Fried sentenced to 25 years in prison by ghnws on Thursday March 28, 2024 @12:47PM (#39854135)

Hopefully no-one bet their life on unregulated extremely risky investments.

[ Parent | on HN ]

Re:Sam Bankman-Fried sentenced to 25 years in prison by zulban on Thursday March 28, 2024 @12:56PM (#39854282)

That's not the point being made. However if 10,000 people lose 2000$ due to mysterious market forces, you bet this will contribute to some losing their lives.

[ Parent | on HN ]

Re:Sam Bankman-Fried sentenced to 25 years in prison by andruby on Thursday March 28, 2024 @05:36PM (#39857620)

Do people lose their lives over loosing $2000?

* In developed countries. I doubt people from 3rd world countries had $2000 on FTX.

[ Parent | on HN ]

Re:Sam Bankman-Fried sentenced to 25 years in prison by stonogo on Thursday March 28, 2024 @12:54PM (#39854245)

There have been at least three suicides. When this much money is being spent convincing people to buy into a bad idea, it's gonna work on someone.

[ Parent | on HN ]

Re:Sam Bankman-Fried sentenced to 25 years in prison by datavirtue on Thursday March 28, 2024 @04:35PM (#39856994)

People are buying Bitcoin like crazy still "because it is going to go up!!!"

[ Parent | on HN ]

Re:Sam Bankman-Fried sentenced to 25 years in prison by Zpalmtree on Thursday March 28, 2024 @06:59PM (#39858455)

You know better though right

[ Parent | on HN ]

Re:Sam Bankman-Fried sentenced to 25 years in prison by datavirtue on Friday March 29, 2024 @02:16PM (#39867250)

I made no claims.

[ Parent | on HN ]

Re:Sam Bankman-Fried sentenced to 25 years in prison by thowawatp302 on Thursday March 28, 2024 @10:12PM (#39859858)

What SBF did isn’t covered under anything that could even remotely be called investment risk.

[ Parent | on HN ]