Sam Bankman-Fried sentencing stay: ‘Crypto King’ jailed for 25 years

Bankman-Fried arrived in court docket shortly after 09:40 New York time (13:40 GMT) in a saggy beige jail jumpsuit.

The weight he has misplaced behind bars is seen and his distinctive curly hair, minimize brief for trial, has returned.

The crowd within the packed overflow room on the twenty sixth flooring immediately quieted, anticipating proceedings to start shortly.

The line of onlookers included household and mates, in addition to prospects who’ve misplaced entry to thousands and thousands following the collapse of FTX – together with Sunil Kavuri.

Though he has been probably the most vocal victims, he chatted with SBF’s dad and mom whereas ready.

He advised me afterwards that SBF’s father, Joseph Bankman, was keen to notice that cash could be recovered within the chapter.

Kavuri doesn’t share that view, however he believes Bankman-Fried is being made a scapegoat for issues at FTX for which the accountability is extra extensively shared.

Both Kavuri and SBF have blamed Sullivan and Cromwell – the regulation agency that suggested FTX earlier than its failure and continues to work on its chapter – for the failure of the cryptocurrency change.

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