After the SBF trial of the century ended, people's focus was not only on the huge forfeiture of 11 billion U.S. dollars and the 25-year prison sentence, but also on the expectations for the inside story and details that would be revealed at the hearing. This trial not only affected the fate of the parties involved, but also touched on deeper social issues and legal ethics. The following will delve into the background of the SBF trial of the century, the impact of the trial results and what the hearing may reveal, bringing readers a speculative journey about power, money and justice.

Coin Circle (120btC.COM) News: Exactly 500 days after the collapse of FTX exchange, founder Sam Bankman-
Fried (SBF) attended the sentencing hearing on the evening of the 28th. Many victims appeared in court and accused that FTX had always claimed to compensate the victims in full, but this was not the case (it was previously reported that the compensation for the tokens was not calculated at current prices) , for example, BTC is paid at $16,870, the difference is quite large).

SBF said in court: "I destroyed everything my colleagues had built and let them down. I'm sorry for that. I'm sorry for what happened at every stage."

At the same time, he also admitted that it was his decision-making that led to FTX and Alameda
Research's collapse, he apologized for this; however, he emphasized that its decision-making was not motivated by selfishness, but was a crisis caused by a series of wrong executions and other factors.

SBF's defense lawyer stated that SBF is a clumsy nerd who is passionate about vegetarianism and a billionaire who does not care about material wealth. He began to think about his moral obligations to people around the world very early and donated his income while working on Wall Street. charity.

"He persisted until the last moment during the collapse of FTX. He was not a ruthless financial serial killer, nor did he want to cause pain to anyone in any way."

 **Judge rejects SBF’s argument that he is also a victim**

Regarding SBF’s testimony, according to InnerCityPress, Judge Kaplan stated that the defendant (SBF) had a superior upbringing, with parents who loved him and took care of him, enjoyed all the advantages his parents could give him, and also attended MIT.

After graduation, at Jane
Street made a large fortune and made extensive donations; despite being autistic, the defendant showed extraordinary intelligence and achievements, and he also showed unusual ambition, once talking about establishing two major companies and his influence on politics. A strong interest in using wealth to influence the political situation. He has also set up anonymous donation channels to support right-wing groups, while claiming to support proper regulation of the cryptocurrency industry.

However, Judge Kaplan thought it was all just a show. The defendant admitted in the transcript that his remarks on supervision were merely a public relations ploy and held a contemptuous attitude toward regulatory agencies.

 **$11 billion in assets confiscated**

In the end, Judge Kaplan sentenced the defendant to serve 240 months in prison first, and then serve 60 consecutive months in prison, making the cumulative sentence 300 months, or 25 years (SBF is now 32 years old, and will be close to 60 years old when he is released from prison without parole). He also ordered the seizure of more than $11 billion in his assets.

In addition, the judge recommended that SBF be placed in a prison close to his family's home in the San Francisco Bay Area to serve his sentence.

In general, SBF’s trial of the century has come to an end, but the harm it caused to millions of SBF users is still a wound that cannot be easily healed. The encryption industry should also take this as a profound lesson and strive to move in the right direction.