SBF may receive leniency as it benefits from rising crypto assets
On February 17th, Estes, co-head of the General Crimes Bureau in the southern district of New York, stated that due to the rise of cryptocurrency assets, the amount of losses in the FTX case will cause intense controversy during sentencing. If all clients and creditors are compensated, the defense may argue for a significant reduction in the amount of losses, even to $0.
According to relevant US laws, for cases of fraud that cause lower losses, the recommended sentencing range is 24-30 months. Therefore, SBF may receive a lenient sentence in next month's ruling.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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