During the ongoing trial of Sam Bankman-Fried (SBF), the tarnished founder of the now-defunct FTX exchange, there is intense speculation within the cryptocurrency community regarding the possibility of SBF facing a 150-year prison sentence.
In a recent Twitter post, an influential figure in the crypto space named Andrew claimed to have received fresh insights into the legal proceedings involving SBF. Andrew reported that the prosecution had disclosed the startling fact that Bankman-Fried had not been offered any plea deal.
Furthermore, Andrew asserted that an insider from the Department of Justice (DOJ) had shared a significant piece of information regarding SBF’s fate. According to this reported DOJ source, even a comparatively lenient sentence for Sam Bankman-Fried would entail a lengthy 30-year incarceration.
This statement drew striking comparisons to one of the most notorious financial fraud cases in history: Bernie Madoff, who received an astonishing 150-year prison term.
Coffeezilla, a prominent figure in the crypto community known for exposing fraudulent schemes, also chimed in on the SBF case. He emphasized the absence of a plea bargain for Sam Bankman-Fried and highlighted the gravity of the situation.
In a separate conversation thread, Coffeezilla uncovered staggering financial transactions involving a high-profile promoter of FTX and the disgraced CEO. Coffeezilla revealed that the millionaire TV personality from “Shark Tank,” Kevin O’Leary, had purportedly received nearly $1 million per hour for promoting and defending SBF.
According to a screenshot accompanying the tweet, O’Leary allegedly received a payment of $15.7 million for providing a range of services, including “twenty service hours, 20 social media posts, one virtual lunch, and five autographs,” all aimed at promoting the now-bankrupt FTX exchange.
Interestingly, O’Leary was asked in an interview if he would support Bankman-Fried in another cryptocurrency venture, to which he responded affirmatively, stating, “Yes.”