2024

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Renowned author and financial expert&nbsp;<a href="https://x.com/nntaleb/status/1773456604383326687?s=20">Nassim Taleb</a> has sparked widespread interest and debate with his recent commentary on the verdict handed down to&nbsp;<a href="https://u.today/heres-how-many-years-sbf-will-spend-behind-bars">Sam Bankman-Fried</a>, the founder of the now-bankrupt crypto exchange FTX.
Taleb, best known for his bestselling book "Black Swan," took to social media to share his thoughts on Bankman-Fried's 25-year prison sentence for fraud.
Taleb's remarks, made in response to a statement by Bankman-Fried expressing remorse for his actions, suggest a deep skepticism regarding the sincerity of the convicted businessman's repentance. Without directly addressing the specifics of the case, Taleb's comment implies a concern that Bankman-Fried may be more focused on his own situation than on the victims of his fraudulent activities.
<blockquote>
 It's all about him. It's not about the victims. <a href="https://t.co/lu56OqeSQ7">https://t.co/lu56OqeSQ7</a>— Nassim Nicholas Taleb (@nntaleb) <a href="https://twitter.com/nntaleb/status/1773456604383326687?ref_src=twsrc%5Etfw">March 28, 2024</a>
</blockquote> 
The trial, which concluded in November 2023 with Bankman-Fried being found guilty on all seven counts, revealed a staggering sum of $8 billion fraudulently obtained from FTX customers. Despite the evidence presented by prosecutors, Bankman-Fried maintained his innocence throughout the proceedings.
<h2 dir="ltr" id="collapse-of-ftx">Collapse of FTX</h2>
<a href="https://u.today/ftx-not-coming-back">FTX</a>, once valued at $32 billion and ranked as the fourth-largest&nbsp;<a href="https://u.today/major-reminder-of-shib-breaking-binance-sent-by-dev-team-to-shiba-inu-army">crypto exchange</a> globally, faced significant financial turmoil following investigative reports exposing its precarious financial state. The revelation triggered a mass exodus of investors, ultimately leading to the exchange's collapse and declaration of bankruptcy.
Bankman-Fried's legal troubles began in December 2022 when he was detained in the Bahamas at the request of the United States. Initially released on a staggering $250 million bail, his subsequent return to custody followed accusations of witness tampering, culminating in yesterday's sentencing.

'Black Swan' Author Nassim Taleb Reveals Own Sam Bankman-Fried Verdict

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