[Updated] FTX

[JayJuanGee]

We are not at the punishment stage yet and sure Sam yet been found guilty, so he has rights to defend himself, and maybe there is more tolerance for not feeling guilty or showing remorse before being convicted (presuming that he is going to end up getting convicted of some of the allegations), yet I get the sense that mentality (if his claims of innocence and sweetness does not simmer down a bit), that way of thinking and speaking out likely will end up getting him worse punishment, because if he does not have any remorse, then it is less likely anyone whether judge or jury is going to feel that he deserves a break... but yeah, hey, maybe I am jumping ahead of myself and he has rights to proclaim himself as innocent until some point that he decides that he has lost and either needs to enter a settlement or if he gets a judgement against himself.

I wonder if his parents feel remorse about their involvement?  or alternatively about their having had raised such a psycho kid?  I hear that they are similar kinds of personalities and philosophies... and maybe we are hearing exaggerations of how Sam is similar to his parents because we don't really know his parents too much even there are some discussions of them.

Mom and Dad are still staying out of jail, and that might be part of the important story. which seems to not be too good of a reflection upon our justice system.

If there is evidence that parents are involved and know about SBF activities but still support it,

Of course there is evidence of their involvement in various aspects of Sam's business, including setting up the business and including Sam's abilities to get contacts/meetings with high ranking people in various political positions.

then there is no reason not to go to prison.

For the parents to go  to prison or Sam? 

There can be multiple culpable persons and each person should be punished in accordance with their level of culpability, and sure some persons work out cooperation agreements with the government, and other people don't end up getting charges brought against them, and prosecutors do have some discretion regarding who to charge and what to charge, and they are supposed to have some accountability to the public in terms of bringing charges, but sometimes they might not bring charges against certain people whether it is lack of evidence or some other reasons is not always clear without delving into what evidence they actually have and maybe other complicated aspects that might not always be publicly available in terms of whether prosecutors might be failing/refusing to prosecute when they should be prosecuting...

And, I personally have been suggesting that it is my belief that there is enough evidence that Sam's parents should at least be investigated.. even if there might not be enough evidence to bring charges.. I am not sure about the exact level of evidence that is available, but I am also suggesting that there are a lot of pretty strong inferential aspect that seem to show problematic connections including one that that many people bring up regarding the father getting paid $10 million from Sam (or was it from FTX) and then now seems to be using that money to pay for Sam's attorney fees (legal defense).

Moreover, with large amounts, it will likely be easier to prosecute legally with the evidence attached. SBF continues to defend actions that no one can justify. Once wrong is always wrong and he must follow the law as proof of responsibility. So in my opinion this is just SBF's awareness and responsibility, he has to make peace with the fact that his position is on the wrong track. Psychology cannot be a reference, because from the start SBF did this very consciously without any pressure or threats from anyone. How is it possible that someone who is psychologically disturbed could easily play a huge role in creating losses for millions of people.

The fruit doesn't fall far from the tree, lol
In essence, a person's behavior and actions, or in this case SBF, start from the smallest things that are influenced by the surrounding environment.

I agree with you on these parts.

[1714236795]

1714236795

[1714236795]

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[bbc.reporter]

 On Sam's parents being involved, read this article. I reckon this is good that a mainstream news media outlets have begun reporting this reality.

I speculate during the trial, we will know how deeply involved his parents were in the decision making of Sam as CEO of FTX.



Bankman and Fried have steered clear of much of the scrutiny that’s enveloped FTX. That’s at least in part because they’ve yet to deliver a full accounting of their roles in helping their son build a sprawling business and political-influence operation. Instead, they’ve generally been portrayed as spectators, who, often in tears, offer emotional support to their son at frequent court appearances. But their names will almost certainly come up during the trial. The defense team has signaled its strategy may, in part, rest on advice Bankman-Fried received from lawyers, including his parents.

A spokeswoman for the couple, Risa Heller, declined to make Bankman or Fried available for interviews. She’s said previously that neither one had much to do with FTX beyond being a supportive parent. Fried never worked for the company, and Bankman’s brief tenure mostly focused on philanthropy, according to Heller. Last year, Bankman-Fried told the New York Times that his parents “weren’t involved in any of the relevant parts” of his company.

Former employees and business partners say this wasn’t the impression they had at the time, and legal filings suggest Bankman and Fried were crucial to their son’s transfiguration from schlubby startup nerd to hyperconnected crypto mogul. The couple profited tremendously from FTX, netting $26 million in cash and real estate in 2022 alone. They were regular fixtures at the company’s offices, offered words of encouragement to employees and were included in internal company communications. Their reputations and connections were essential to FTX’s success.

Source https://www.bloomberg.com/news/features/2023-09-14/sam-bankman-fried-s-parents-did-they-enable-ftx-s-rise

[JayJuanGee]

On Sam's parents being involved, read this article. I reckon this is good that a mainstream news media outlets have begun reporting this reality.

I speculate during the trial, we will know how deeply involved his parents were in the decision making of Sam as CEO of FTX.



Bankman and Fried have steered clear of much of the scrutiny that’s enveloped FTX. That’s at least in part because they’ve yet to deliver a full accounting of their roles in helping their son build a sprawling business and political-influence operation. Instead, they’ve generally been portrayed as spectators, who, often in tears, offer emotional support to their son at frequent court appearances. But their names will almost certainly come up during the trial. The defense team has signaled its strategy may, in part, rest on advice Bankman-Fried received from lawyers, including his parents.

A spokeswoman for the couple, Risa Heller, declined to make Bankman or Fried available for interviews. She’s said previously that neither one had much to do with FTX beyond being a supportive parent. Fried never worked for the company, and Bankman’s brief tenure mostly focused on philanthropy, according to Heller. Last year, Bankman-Fried told the New York Times that his parents “weren’t involved in any of the relevant parts” of his company.

Former employees and business partners say this wasn’t the impression they had at the time, and legal filings suggest Bankman and Fried were crucial to their son’s transfiguration from schlubby startup nerd to hyperconnected crypto mogul. The couple profited tremendously from FTX, netting $26 million in cash and real estate in 2022 alone. They were regular fixtures at the company’s offices, offered words of encouragement to employees and were included in internal company communications. Their reputations and connections were essential to FTX’s success.

Source https://www.bloomberg.com/news/features/2023-09-14/sam-bankman-fried-s-parents-did-they-enable-ftx-s-rise

Yeah, that article is 5 days old, but there are some other articles in the last day or so, including that the FTX estate has only just filed a civil lawsuit against SBF's parents for their fraudulent involvement of the business and their taking of customer money (Apparently alleging $16.4 million).. and perhaps these kinds of civil actions will end up leading to criminal actions against those slime balls parents.. that we already know that they have way more involvement than they have been given credit....

Fuck those trying to stay behind the scenes twats (it's all alleged at this point.. and prosecutors better also get on the scenes and allege some conduct that will put them where they belong, behind bars.. maybe they can all share cells.. hahahaha.. that would be too lenient... but they might be able to meet each other on the prison playground during times when they are allowed to go outside.

https://arstechnica.com/tech-policy/2023/09/sbfs-parents-were-given-16-4m-house-paid-for-entirely-by-ftx-lawsuit-says/

[Rikafip]

I speculate during the trial, we will know how deeply involved his parents were in the decision making of Sam as CEO of FTX.

Yep, I am curious about that as well, but I think everyone is aware that his parents were balls deep into FTX and (almost) everything that has happened there.

In other news, Stanford University ((where his parents work as professors)) decided to send back $5.5 million they received from FTX.

Stanford University will be returning "gifts," purportedly worth millions of dollars, it received from FTX, allegedly orchestrated by Sam Bankman-Fried's parents, according to a Bloomberg report.

Joseph Bankman and Barbara Fried are professors at Stanford Law School. On Monday, the FTX Group sued Bankman and Fried for misappropriating millions, including $5.5 million in donations to Stanford University.

“We have been in discussions with attorneys for the FTX debtors to recover these gifts and we will be returning the funds in their entirety,” a Stanford University spokesperson said, according to Bloomberg. “Stanford received gifts from the FTX Foundation and FTX-related companies largely for pandemic-related prevention and research.”

[BigBos]

For the parents to go  to prison or Sam? 

There can be multiple culpable persons and each person should be punished in accordance with their level of culpability, and sure some persons work out cooperation agreements with the government, and other people don't end up getting charges brought against them, and prosecutors do have some discretion regarding who to charge and what to charge, and they are supposed to have some accountability to the public in terms of bringing charges, but sometimes they might not bring charges against certain people whether it is lack of evidence or some other reasons is not always clear without delving into what evidence they actually have and maybe other complicated aspects that might not always be publicly available in terms of whether prosecutors might be failing/refusing to prosecute when they should be prosecuting...

And, I personally have been suggesting that it is my belief that there is enough evidence that Sam's parents should at least be investigated.. even if there might not be enough evidence to bring charges.. I am not sure about the exact level of evidence that is available, but I am also suggesting that there are a lot of pretty strong inferential aspect that seem to show problematic connections including one that that many people bring up regarding the father getting paid $10 million from Sam (or was it from FTX) and then now seems to be using that money to pay for Sam's attorney fees (legal defense).

It depends, he can be punished or can be used as a witness (not as a witness on the part of SBF) in terms of his involvement as the mastermind behind SBF or he was only involved when he knew that his son was holding a lot of money but hid that fact from legal scrutiny. In fact, law enforcers have no shortage of evidence to convict SBF. In fact, in my opinion, the case is being played out too much, well, it's being played out as if it will buy time so that gradually the media gets bored and there is no more news about major violations. In fact, this case is not much different from the case of politicians who have poured large funds into a political campaign, SBF plays a big role in it so that the flow of funds traced leads to>>>>>>>>>


Believe me, there are many people involved, so every time this case is tried to be uncovered, it brings more danger to those who investigate it. There are those who don't want this to continue because it could result in the puzzle pieces being more easily arranged.

[JayJuanGee]

For the parents to go  to prison or Sam? 

There can be multiple culpable persons and each person should be punished in accordance with their level of culpability, and sure some persons work out cooperation agreements with the government, and other people don't end up getting charges brought against them, and prosecutors do have some discretion regarding who to charge and what to charge, and they are supposed to have some accountability to the public in terms of bringing charges, but sometimes they might not bring charges against certain people whether it is lack of evidence or some other reasons is not always clear without delving into what evidence they actually have and maybe other complicated aspects that might not always be publicly available in terms of whether prosecutors might be failing/refusing to prosecute when they should be prosecuting...

And, I personally have been suggesting that it is my belief that there is enough evidence that Sam's parents should at least be investigated.. even if there might not be enough evidence to bring charges.. I am not sure about the exact level of evidence that is available, but I am also suggesting that there are a lot of pretty strong inferential aspect that seem to show problematic connections including one that that many people bring up regarding the father getting paid $10 million from Sam (or was it from FTX) and then now seems to be using that money to pay for Sam's attorney fees (legal defense).

It depends, he can be punished or can be used as a witness (not as a witness on the part of SBF) in terms of his involvement as the mastermind behind SBF or he was only involved when he knew that his son was holding a lot of money but hid that fact from legal scrutiny.

You are starting from a pretty lame-ass framework in regards to the roles of each of the parents.

Sure it is possible that the parents were not actively involved in certain day to day running of the business, but one of the ONLY ways that Sam ends up getting access to high-level people is because of his parents, including the legal and complicated ways that FTX was set up with hundreds of shell companies and hundreds of ways to complicate the flow of money.. .. Surely daddy bankman helped out with those kinds of things... or set him up with attorneys who would engage in such fraudulent ways of setting u such a relatively new business that was rising to fame so quickly.

In fact, law enforcers have no shortage of evidence to convict SBF. In fact, in my opinion, the case is being played out too much, well, it's being played out as if it will buy time so that gradually the media gets bored and there is no more news about major violations. In fact, this case is not much different from the case of politicians who have poured large funds into a political campaign, SBF plays a big role in it so that the flow of funds traced leads to>>>>>>>>>

I agree with you that there could end up being some wearing out of the public based on how much some of the angles of this case are in the media.. and surely there are also deeper and more boring angles that will also likely lead to more ways in which fraud was going on and maybe even hiding of funds and maybe even justifying the charging or the filing of lawsuits against high level people (whether politicians or other high ranking folks.. maybe investors)....

Another thing that I had mentioned previously is that the FTX executors have so far been  successful in their being able to keep out outside and independent auditors.. and probably part of the strategy of the FTX executors will be to make it appear that they are doing a "good enough" job so that no one is asking for the outside auditors to come in and to help out with some of the forensics and to bring to light some facts (relationships) that are not readily apparent from whatever crowd sourcing kinds of proddings that are going on.

Believe me, there are many people involved, so every time this case is tried to be uncovered, it brings more danger to those who investigate it. There are those who don't want this to continue because it could result in the puzzle pieces being more easily arranged.

I agree on this part.

[BABY SHOES]

I speculate during the trial, we will know how deeply involved his parents were in the decision making of Sam as CEO of FTX.

Yep, I am curious about that as well, but I think everyone is aware that his parents were balls deep into FTX and (almost) everything that has happened there.

In other news, Stanford University ((where his parents work as professors)) decided to send back $5.5 million they received from FTX.

Stanford University will be returning "gifts," purportedly worth millions of dollars, it received from FTX, allegedly orchestrated by Sam Bankman-Fried's parents, according to a Bloomberg report.

Joseph Bankman and Barbara Fried are professors at Stanford Law School. On Monday, the FTX Group sued Bankman and Fried for misappropriating millions, including $5.5 million in donations to Stanford University.

“We have been in discussions with attorneys for the FTX debtors to recover these gifts and we will be returning the funds in their entirety,” a Stanford University spokesperson said, according to Bloomberg. “Stanford received gifts from the FTX Foundation and FTX-related companies largely for pandemic-related prevention and research.”

The involvement of his parents has taken a new turn... It turns out that I just realized that Allan Joseph Bankman SBF's father as an advisor to FTX and also he is a tax expert means he knows what to do including the money of his own son.
Read more in detail in today's article that Allan Joseph Bankman has enjoyed many facilities provided by FTX including staying in a hotel with a pull of 1200 USD and still complaining because his salary is paid $200,000 per year but his agreement is $1,000,000.

His mother also did the same as his depraved actions, with a tax expert but he gave donations to politicians to cover the source of the money, well the parents just helped their children to carry out this planned action.

https://www.bbc.com/news/business-66857146

[bbc.reporter]

I speculate during the trial, we will know how deeply involved his parents were in the decision making of Sam as CEO of FTX.

Yep, I am curious about that as well, but I think everyone is aware that his parents were balls deep into FTX and (almost) everything that has happened there.

In other news, Stanford University ((where his parents work as professors)) decided to send back $5.5 million they received from FTX.

Stanford University will be returning "gifts," purportedly worth millions of dollars, it received from FTX, allegedly orchestrated by Sam Bankman-Fried's parents, according to a Bloomberg report.

Joseph Bankman and Barbara Fried are professors at Stanford Law School. On Monday, the FTX Group sued Bankman and Fried for misappropriating millions, including $5.5 million in donations to Stanford University.

“We have been in discussions with attorneys for the FTX debtors to recover these gifts and we will be returning the funds in their entirety,” a Stanford University spokesperson said, according to Bloomberg. “Stanford received gifts from the FTX Foundation and FTX-related companies largely for pandemic-related prevention and research.”

The skeptical people in the cryptospace community speculates, however, much of the people inside and outside of the communith would be shocked if the real story was made into a movie and shown to them.

There was also a meme with the Rock and a girl where it said Sam had sex with Caroline with the lights on! This would be shocking and funny in a movie.

[BABY SHOES]

Found a thread on Twitter of a former FTX/Alameda employee.
https://twitter.com/aditya_baradwaj/status/1694355617576898838

Don't know if this was previously shared here or not the thread was created in August.

I read the whole thread it turns out that SBF's vision is not just a crypto exchange but there are other crazier things like going to make a vaccine factory and many other things he wants to build.

[Fauderz]

Found a thread on Twitter of a former FTX/Alameda employee.
https://twitter.com/aditya_baradwaj/status/1694355617576898838

Don't know if this was previously shared here or not the thread was created in August.

I read the whole thread it turns out that SBF's vision is not just a crypto exchange but there are other crazier things like going to make a vaccine factory and many other things he wants to build.

That's quite a long story from the confession of a former Alameda employee. And some interesting things can actually be summed up here especially for the 6th thread written where this former employee found something inappropriate when SBF did business while playing games at the same time.

https://x.com/aditya_baradwaj/status/1694355626338742384?s=20

At another point I also highlighted SBF's bold desire for a transformation for the Bahamas where the money channeled to the country is taken from the profits they receive from FTX.
SBF's desire is very good but his way is wrong because with his vision of goodness he is doing it at the expense of investors, employees, and customers trusting FTX.

https://x.com/aditya_baradwaj/status/1694355651546546371?s=20

[bbc.reporter]

There are people in social media who are spreading rumors that Sam's father was part of an advisory board of the Democratic Party's dark money network. Also according to them it was mentioned in FTX's lawsuit. There were no sources presented, however. It might only be fud.

But what does have a source is according to this, Sam Tabasco's yacht was bought using customer deposits hehehe.



Source https://twitter.com/sunil_trades/status/1697657482674360357

[Raflesia]

Source

It looks like there will be an interesting new chapter in the FTX drama now that US Congressman Patrick McHenry has threatened Gary Gensler for not being transparent in his interactions with SBF and FTX and will be seeking a subpoena for this.
Patrick McHenry thinks that Gensler has been very secretive about the FTX case even though it is a huge financial case.

"You refuse to be transparent with Congress regarding your interactions with FTX and Sam Bankman-Fried," McHenry stated. "In February, the committee made multiple requests for documents to the US Securities and Exchange Commission," while noting that seven months later, they had yet to receive "a single non-public document that is not part of a FOIA production."

I think if this continues to be raised it will be an interesting new drama but what I think in this case is whether there is personal gain from the officials who have authority in this matter?

[DanWalker]

Updated 9/28: In updated news related to FTX and Sam Bankman-Fried, the judge continues to deny Sam Bankman-Fried's request for temporary release. This is the second time SBF's lawyers failed in their attempt to secure bail for him. Last week, they also requested his release on bail but were unsuccessful.

According to the article, it seems like SBF won a few small victories last week but perhaps prosecutors have more complete evidence so they don't want him released on bail until the criminal trial takes place next week.

https://www.theblock.co/post/253445/sam-bankman-fried-loses-bid-for-temporary-release-from-jail-reports?utm_source=twitter&utm_medium=social

https://www.theblock.co/post/253303/sam-bankman-fried-can-wear-a-suit-to-court-take-notes-on-laptop

[bbc.reporter]

@DanWalker. The skeptical me is starting to speculate that if the rumors of Sam being only a frontman to a moneylaundering scheme for the powerful people of the Democratic party, would it not be safer for him to be in prison to avoid assasination?

He might know much sensitive information and this might also be why he will never plead guilty because this opens his case to more divulging of information and also possibly to be under a protection program. It might be better for Sam's life to be sentenced guilty for fraud instead of admitting that he is guilty and look for a settlement.

[red4slash]

Updated 9/28: In updated news related to FTX and Sam Bankman-Fried, the judge continues to deny Sam Bankman-Fried's request for temporary release. This is the second time SBF's lawyers failed in their attempt to secure bail for him. Last week, they also requested his release on bail but were unsuccessful.

According to the article, it seems like SBF won a few small victories last week but perhaps prosecutors have more complete evidence so they don't want him released on bail until the criminal trial takes place next week.

https://www.theblock.co/post/253445/sam-bankman-fried-loses-bid-for-temporary-release-from-jail-reports?utm_source=twitter&utm_medium=social

https://www.theblock.co/post/253303/sam-bankman-fried-can-wear-a-suit-to-court-take-notes-on-laptop

I quite like what the prosecutor is doing at the moment especially the argument that the judge said was correct where when the SBF lawyer's excuse that it was difficult for him to make a defence with limited time was actually well refuted by the argument given by the prosecutor because SBF before August had a very large amount of time and it should be enough for them to prepare a defence in the trial.
There were some victories such as him being allowed to wear formal clothes instead of prisoner's clothes but I don't think it will last long because he is more suitable to wear prisoner's clothes than formal clothes with a neat suit

[DanWalker]

@DanWalker. The skeptical me is starting to speculate that if the rumors of Sam being only a frontman to a moneylaundering scheme for the powerful people of the Democratic party, would it not be safer for him to be in prison to avoid assasination?

He might know much sensitive information and this might also be why he will never plead guilty because this opens his case to more divulging of information and also possibly to be under a protection program. It might be better for Sam's life to be sentenced guilty for fraud instead of admitting that he is guilty and look for a settlement.

As far as we know, his close associates all pleaded guilty one after another, so it was only a matter of time before he was sentenced soon. When FTX collapsed and SBF was arrested, there was a lot of news regarding his relationship with democratic party politicians. But since those rumors, have we heard any more news about it? Almost not, so I don't think the FTX incident has anything to do with politics anymore.

The upcoming trial he faces is a criminal trial so I think it's understandable that the judge won't grant him bail. SBF has become a dangerous entity and the case is no longer a civil project.

Updated 9/28: In updated news related to FTX and Sam Bankman-Fried, the judge continues to deny Sam Bankman-Fried's request for temporary release. This is the second time SBF's lawyers failed in their attempt to secure bail for him. Last week, they also requested his release on bail but were unsuccessful.

According to the article, it seems like SBF won a few small victories last week but perhaps prosecutors have more complete evidence so they don't want him released on bail until the criminal trial takes place next week.

https://www.theblock.co/post/253445/sam-bankman-fried-loses-bid-for-temporary-release-from-jail-reports?utm_source=twitter&utm_medium=social

https://www.theblock.co/post/253303/sam-bankman-fried-can-wear-a-suit-to-court-take-notes-on-laptop

I quite like what the prosecutor is doing at the moment especially the argument that the judge said was correct where when the SBF lawyer's excuse that it was difficult for him to make a defence with limited time was actually well refuted by the argument given by the prosecutor because SBF before August had a very large amount of time and it should be enough for them to prepare a defence in the trial.
There were some victories such as him being allowed to wear formal clothes instead of prisoner's clothes but I don't think it will last long because he is more suitable to wear prisoner's clothes than formal clothes with a neat suit

In addition to being allowed to wear a suit to court, he was also allowed to use a computer in prison, but the computer did not have an internet . I don't know if that makes him happier.

[bbc.reporter]

@DanWalker. The skeptical me is starting to speculate that if the rumors of Sam being only a frontman to a moneylaundering scheme for the powerful people of the Democratic party, would it not be safer for him to be in prison to avoid assasination?

He might know much sensitive information and this might also be why he will never plead guilty because this opens his case to more divulging of information and also possibly to be under a protection program. It might be better for Sam's life to be sentenced guilty for fraud instead of admitting that he is guilty and look for a settlement.

As far as we know, his close associates all pleaded guilty one after another, so it was only a matter of time before he was sentenced soon. When FTX collapsed and SBF was arrested, there was a lot of news regarding his relationship with democratic party politicians. But since those rumors, have we heard any more news about it? Almost not, so I don't think the FTX incident has anything to do with politics anymore.

The upcoming trial he faces is a criminal trial so I think it's understandable that the judge won't grant him bail. SBF has become a dangerous entity and the case is no longer a civil project.

Yes which would make everyone assume that Sam Bankrupt-Fried would also plead guilty to also be allowed to settle and get a lighter sentence. However, what does Sam know which does not make him want to plead guilty? Does this imply that if he pleads guilty he might be forced to share confidential information that should never be share? This is very headshaking unless Sam has become crazy and he thinks he is innocent hehehehe.

Also, if Sam wins this court case, what would happen to Caroline and the Chinese quant Wang who might presently be sharing confidential information.

[BABY SHOES]

Interesting news that I heard from X.com/twitter.

SBF is now rumored to be paying Donald Trump $5 billion not to run for President, although this is under SBF's consideration but I find it ridiculous that SBF continues to do politics with its donations.

Although there is a rebuttal from Donald Trump's spokesman - Steven Cheung and considers SBF as a fraud. Source

SBF is threatened with 115 years in prison as stated by @Watch.guru.

What happens if SBF does receive such a long prison sentence? Although this is not fully finalized because it is said that today is his first hearing.

https://watcher.guru/news/bankman-fried-faces-115-years-in-prison-trial-to-begin-on-oct-3

[Rikafip]

SBF is threatened with 115 years in prison as stated by @Watch.guru.

What happens if SBF does receive such a long prison sentence?

Well, since he 31 years old at the moment, that would mean that he will spend rest of his life in prison.  While I woulnd't mind see it happening, I really doubt he is going to get that kind of sentence as imho its more realistic that he admits the guilt and gets reduced sentence.

Then again, Bernie Madoff got 150 years for his ponzie scheme so you never know.

[BABY SHOES]

SBF is threatened with 115 years in prison as stated by @Watch.guru.

What happens if SBF does receive such a long prison sentence?

Well, since he 31 years old at the moment, that would mean that he will spend rest of his life in prison.  While I woulnd't mind see it happening, I really doubt he is going to get that kind of sentence as imho its more realistic that he admits the guilt and gets reduced sentence.

Then again, Bernie Madoff got 150 years for his ponzie scheme so you never know.

It is ridiculous that the SBF does not want to admit fault for this problem, while there is already a lot of evidence about the downfall of FTX including its dark side with political games and other donations. Let him live as long as he can in jail even if it is impossible. 

I remember when there was news of Thodex crypto exchange in Turkey because the founder committed fraud, I am sure what he did was smaller than the FTX collapse with billions of dollars lost and used for the pleasure of SBF and his family.

After all the same founder of Thodex, - Faruk Fatih Özer was sentenced to 11,196 years in prison.