TruthArchive.ai - Tweets Saved By @CNBC

Posted - March 28, 2024 at 11:44 PM

Saved - March 28, 2024 at 11:47 PM

@CNBC - CNBC

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday. What are his next steps? @Kr00ney has the details. https://cnb.cx/43EofcH

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The defendant is planning to appeal, but chances of success are slim. He may serve around 88% of his sentence in a California prison. His parents, former Stanford professors, are heartbroken and vow to support him. Once a crypto billionaire, he now faces the consequences of his actions, with the judge criticizing his lack of remorse and truthfulness during the trial.

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Speaker 0: Next up is an appeal. So that's according to his defense team. Been talking to some legal experts about that whole process. Lawyers have about 30 days or so to submit an appeal. The oral argument for that could happen in 6 months to a year. Following that paperwork, the whole process could take multiple years. Judge Kaplan, though, is experienced on the bench. Those that know him say it's a slim chance of a case getting overturned here. One person put it at a low single digit probability. There is no parole given in federal courts, but he could receive time and time credits for good behavior. One expert said federal criminals tend to serve about 88% of their sentences on average. After that, he may qualify for either a minimum or medium security prison. All of this will likely happen in California. His parents live on the Stanford University campus where they used to teach at the law school there. We saw them today outside the courthouse looking stoic. We did not get a comment from them, but they later said in a written statement that, quote, we are heartbroken, and we'll continue to fight for our son. This is a stunning fall from grace for the former crypto billionaire less than 2 years ago or about 2 years ago. He was living in a penthouse in the Bahamas. He was really the face of this industry. And today, he took the stand in a beige prison suit, pleading for the judge's leniency. The judge, though, is saying that in his 30 years, he has never seen a performance, as he put it, like Bankman Fried and his trial testimony saying that it if, SPF, as he's also known, wasn't outright lying, he was evasive. He pointed to enormous harm that he did, the brazenness of his actions, his exceptional flexibility, as he put it, with the truth, and his apparent lack of any real remorse. Also said he committed perjury on the stand, which did factor into the judge's consideration on sentencing to Eamon.

US Top News and Analysis CNBC is the world leader in business news and real-time financial market coverage. Find fast, actionable information. cnbc.com

@CNBC — CNBC

Posted - January 8, 2018 at 11:53 PM

Saved - October 15, 2023 at 12:28 AM

reSee.it AI Summary

Ethereum co-creator Steven Nerayoff's claim of the cryptocurrency's value tripling in 2018 sparked skepticism among Twitter users. Some questioned his involvement with Ethereum, while others had never heard of him. Vitalik Buterin, Ethereum's founder, confirmed Nerayoff's limited role in legal matters.

@CNBC - CNBC

Ethereum co-creator Steven Nerayoff says the cryptocurrency's value could triple in 2018 cnb.cx/2FfwrUZ

@iamtexture - Texture

@CNBC @stevennerayoff Sorry but... who the fuck is Steven Nerayoff? I don’t remember you.

@leashless - Vinay

@iamtexture @CNBC @stevennerayoff Oh right. You too? I've literally never heard the name. Steven, what was your involvement with Etherum again? Early team members want to know...

@avsa - Alex Van de Sande (avsa.eth)

@leashless @iamtexture @CNBC @stevennerayoff Never heard either. To be fair I only really got involved after the token sale that CNBC says he “helped create”.

@avsa - Alex Van de Sande (avsa.eth)

@leashless @iamtexture @CNBC @stevennerayoff Reached to Vitalik and he stated he "met him a few times" and that he "helped us with legal stuff back in 2014". Seems like an exaggeration on the role but maybe it was on CNBC's part. (deleted screenshot)