GALA (gala) 
Sam Bankman Fried (SBF), a prominent figure in the cryptocurrency industry, recently made his final statements before beginning his 25-year prison sentence. In an interview with ABC News on April 1, SBF expressed his disbelief that his actions were considered illegal, stating, “I never thought that what I was doing was illegal.”
The sentencing, carried out by Judge Lewis Kaplan of the United States District Court for the Southern District of New York on March 28, led to SBF’s admission to the Metropolitan Detention Center in Brooklyn. Reflecting on his actions, SBF expressed deep remorse for the losses incurred and the unintended consequences of his leadership.
Despite facing criticism from Judge Kaplan for a lack of remorse, SBF countered these claims, emphasizing his regret and the desire to rectify the damage caused. He expressed a willingness to assist in repairing the losses suffered by FTX users and ensure they are compensated in full.
Furthermore, SBF raised concerns about the handling of FTX’s assets following his departure, alleging that the exchange has sufficient resources to repay customers at current market prices. He criticized the decision not to restart the company and highlighted the emotional toll of witnessing the aftermath of the scandal on his colleagues and philanthropic projects.
Additionally, SBF called out Sullivan & Cromwell, the legal firm representing FTX’s new management, accusing them of bias and influencing the fairness of his trial. He announced plans for an appeal, aiming to address inaccuracies in the trial testimony and challenge the restrictions placed on his defense.
For more information on the sentencing of FTX founder Sam Bankman-Fried, visit Global Crypto News for the latest updates and insights on the cryptocurrency industry.
