Why Isn’t Sam Bankman-Fried In Jail?• November 24, 2022 12:18 pm • Comments
The collapse of FTX has not only rocked the crypto markets but the broader sociopolitical world…
Crypto pundits, investors, enthusiasts, and entrepreneurs are all asking the same thing: why isn’t Sam Bankman-Fried in jail for his alleged role in the collapse of FTX?
Why is the Tornado Cash developer currently languishing in prison for coding an app, while SBF is allowed to remain free, living high on the hog?
We previously reported on suspected collusion between the FTX group, Ukraine, and the Democratic Party of America; could this be the reason SBF currently remains a free man?
Most people believe that his handsome donations to political figures and his ties within the corporate, mainstream media establishment have, so far, allowed him to skirt the harsh letter of the law.
A quick search of Twitter will reveal overwhelmingly negative responses to SBF and his status as a free individual:
— Neil Jacobs (@NeilJacobs) November 14, 2022
Let me get this straight…
SBF steals billions of dollars, but instead of going to jail, he’s currently chilling in his penthouse in the Bahamas and flying to New York next week to speak at a conference.
They aren’t even trying to hide the corruption at this point 🙈
— Girl Gone Crypto (@girlgone_crypto) November 23, 2022
A Tornado cash developer is still in jail without formal Charges.
SBF committed $10b fraud and is playing video games in the Bahamas.
This is the world we live in.
— Edgy – The DeFi Edge 🗡️ (@thedefiedge) November 16, 2022
Unpopular opinion :
SBF is not going to jail.
Don’t get me wrong. He absolutely should. But, he won’t. He might get convicted but he won’t serve time. He spent your billions insuring against that.
— Vinny Lingham (@VinnyLingham) November 23, 2022
Zero Hedge asks:
It’s not just us: with much of the entire world demanding to know how this corpulent 30-year-old still has not been thrown in prison, or at least charged with a variety of crimes.
— zerohedge (@zerohedge) November 18, 2022
friendly reminder that known, lying fraudsters/scammers such as SBF, Zhu, Davies, Do Kwon, Mashinsky, etc. are all free,
gallivanting around the world, living opulently,
while Alexey Pertsev sits in jail and is charged with money laundering for writing a permissionless app https://t.co/kaxrKSziMx
— DCinvestor.eth ⌐◨-◨ (@iamDCinvestor) November 22, 2022
Whether SBF gets any jail time is a pretty good measure for how much corruption there is if you bribe the right people.
I don’t think he gets any at all.
— Austen Allred (@Austen) November 22, 2022
The only reason why @SBF_FTX isn’t in jail for stealing $10 billion of peoples funds, is because he bought politicians, journalists & media corporations when he was on top.
— Danny Devan (@dannydevan) November 24, 2022
Crypto Slate reports:
Besides the payment approval, the court also authorized FTX to maintain a consolidated list of creditors. The firm can also redact confidential information about its customers and creditors.
Several media reports revealed that FTX owed its creditors over $3 billion. The firm owes its largest creditor $226 million, while its second-largest unsecured creditor is owed $203 million.
However, the court added that it could order the firm to release some or all of the redacted information for a good cause.
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