Journalist Tiffany Fong posted on her Twitter account a photo of Sam-Bankaman Fried in a Brooklyn jail that she obtained from one of his cellmates, who left his face uncovered.
SBF is awaiting sentencing by the court on March 28, 2024. In late January, the current FTX managers finally gave up trying to rebuild the exchange. Customers are expecting compensation for their lost funds. Their crypto assets will be returned in dollar equivalent at the exchange rate at the time of the bankruptcy, that is, at the bitcoin price of about $17k.
It's a good scheme. You shut down a crypto exchange. You take someone else's money, buy bitcoin with it, then simply transfer part of the money to the U.S. Democratic Party under guarantees of freedom, the other part of the money is stolen and transferred to a safe place for storage.
Next, you keep a fourth of it, wait for bitcoin to quadruple in value, and return the dollars to everyone at the exchange rate at the time of the hack under a pledge to release all claims against the exchange.
You file an appeal to the court, attaching all the statements on the settlement of claims with creditors, that here is the money returned.
The court meets your needs and taking into account the sincere repentance and return of funds to creditors, makes an acquittal and releases you from custody in the courtroom.
You walk out an honest billionaire. No reputation, but money. True a couple of years with such nice personalities in the cell may not go smoothly, of course.
But you can promise them a share for their good behavior and serve a soft time. Although, things happen in those places. They've already made a meme about Sam's dangerous prison environment.