FTX collapsed in November 2022. The attorneys stated that the jury discovered SBF stole at least $8 billion from FTX prospects. Bankman-Fried, who was additionally ordered to forfeit $11 billion, plans to enchantment his sentence and conviction. “If not for SBF’s crimes for which he was convicted—i.e., the theft and misuse of buyer belongings—the purchasers would have right this moment owned their crypto investments,” the submitting stated.
