Crypto justice
March 29, 2024 Leave a comment
I’m not sure whether Sam Bankman-Fried will be feeling that his 25 year sentence for authoring the FTX debacle means he has got off relatively lightly; it was suggested at one point that he might be looking at something closer to a full century, but with time off for good behaviour he might yet be out before he turns 50.
Bleeding-heart liberal that I am, I can’t really see the point in locking him up at all; there must surely be some way he could be obliged to work in the service of the community, though I guess it would take a lot of highway litter-picking to pay off a debt to society that runs into the billions. Perhaps it is for the best that he serves as a cautionary example to those tempted to accumulate wealth by any means, but, given that the financial world is otherwise entirely organised to incentivise such behaviour, I suspect the only lesson aspiring SBFs may learn is “Don’t get caught”.