Sam Bankman-Fried maintains that his crimes were victimless and resulted in zero losses, and therefore warrant only six years of imprisonment. Prosecutors argue that 40–50 years are justified.
For thursday's sentencing the us government indicated they would be happy with a 40-50 prison sentence, and in the list of reasons they cite there's this gem:
Bankman-Fried's effective altruism and own statements about risk suggest he would be likely to commit another fraud if he determined it had high enough "expected value". They point to Caroline Ellison's testimony in which she said that Bankman-Fried had expressed to her that he would "be happy to flip a coin, if it came up tails and the world was destroyed, as long as if it came up heads the world would be like more than twice as good". They also point to Bankman-Fried's "own 'calculations'" described in his sentencing memo, in which he says his life now has negative expected value. "Such a calculus will inevitably lead him to trying again," they write.
Turns out making it a point of pride that you have the morality of an anime villain does not endear you to prosecutors, who knew.
Bonus: SBF's lawyers' list of assertions for asking for a shorter sentence includes this hilarious bit reasoning:
They argue that Bankman-Fried would not reoffend, for reasons including that "he would sooner suffer than bring disrepute to any philanthropic movement."
I'm reminded of the person on twitter who went 'Wonder when his sex crimes come out' after Russell Brand rebranded as a conspiracy rightwinger. Note: This tweet was made before his sex crimes came out.
Notably missing: grabbing a couple of millions and run of to a non extradition country.
He is so sure he can get out on top that running away doesn't even hit his brainstorm top 19 list. He doesn't write the list on paper and burn it later, because for it to backfire he would need to fail.
Might have been trying to avoid creating a situation where his lawyers are legally obligated to go against him, which I believe they would be if they knew he was planning on running. Though I could be wrong.
ah, it’s always fun when the quiet part out loud CONFIDENTIAL.docx leaks. this sub-mediocre rich little jackass really did convince himself all he needed to do was control the narrative and flood Twitter with nonsense and he’d come out of this an unscathed alt-right grifter. what’s fucking amazing is that he still tried a bunch of these tactics (specifically #15 and a lot of the ones throwing shade on the bankruptcy team) even though the prosecution had this document the entire time
These clowns are so fucking incompetent at being evil geniuses that they need a document outlining their Evil Plan™ and not once think how that might be a stupid idea.
at this point, multiple people involved in crypto have been famously caught with a crimes.txt file on their unencrypted desktop, in signal chats named some shit like financial crimes and real gamers clubhouse where they talk about the crimes and Fortnite they’re doing, or with toilet phones protected by ziplock bags with crime burner phone (with evidence of my crimes) written on the bag with a sharpie
This is why my crimes.txt file just contains the recipes that I really should not try making, like Jake Morgendorffer's chile con cheesepuffs with fresh mint, and my actual crime plans are in... oh ho, I see what you did there, you clever jack-a-napes!
I suddenly feel like Hackerman because my PGP-encrypted file with Steam backup tokens is infinitely better secured than some crypto bro's detailed confession of crimes that could land them jail for 50 years.
I wonder how much of this is hubris from the cryptocurrency assholes consistently trying to confuse the public into associating their horseshit with general cryptography (especially with the crypto abbreviation for both) and in the process gaslighting themselves into thinking they’re cryptography and computer security experts