The founder of a large cryptocurrency project was sentenced to 15 years in prison for the project's collapse, involving a case amounting to as much as $40 billion. This means that the average daily imprisonment time corresponds to only about $7.3 million in damages— the absurdity of this number highlights how intense the market reaction has been.
How severe was this crisis? The market nearly shook, and a significant portion of funds in global investors' accounts evaporated. Many people's savings, pensions, and children's education funds were involved. This is not just a numbers game; it's a real financial disaster.
Now, the question is: Is this verdict fair?
Some say the cost of crime is too low. Based on this standard, committing financial fraud might actually be a profitable business— the odds are skewed. There are also netizens jokingly saying, "With such a sentence, someone would volunteer to take the fall."
Compared to other major financial fraud cases, is this sentencing too light? Or does considering other factors actually amount to a harsher punishment? Industry insiders, investors, and legal experts may have different opinions. The key is: what judicial standards can both punish crime and protect future participants? This issue is particularly urgent in risk management within the cryptocurrency market.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
6
Repost
Share
Comment
0/400
TokenTherapist
· 12-13 16:42
15 years? When I do the math, I get awkward. An average of 7.3 million dollars a day. Is this some kind of holiday?
View OriginalReply0
SerumSquirter
· 12-13 14:50
15 years? Are you kidding me? That's it for 40 billion?
View OriginalReply0
ProposalDetective
· 12-13 14:39
Fifteen years for 40 billion, this business is damn profitable
---
Really, I just want to know who will compensate for our pensions
---
It's a bit harsh to say this, but it really hits the point
---
Wait, is this from heavy or light? The more I look, the more confused I get
---
This verdict is ridiculous, might as well confiscate all assets directly for a more satisfying outcome
---
An average daily loss of 7.3 million, this standard is indeed weak
---
The crypto market needs such precedents to serve as a warning, it's too soft right now
---
What about legal standards? Can you give a clear numerical ratio?
View OriginalReply0
GhostAddressHunter
· 12-13 14:35
15 years for 40 billion. Is this deal too good for scammers?
---
Speaking of which, can this prison sentence truly stop future offenders? I doubt it.
---
Pensions have also been involved, which is the most heartbreaking part.
---
With odds calculated like this, the cost of crime is almost equal to the fines. Who’s still afraid?
---
Just wondering if there are other big players secretly calculating this account.
---
The judicial system should be upgraded. Its sentencing standards aligned with traditional finance simply can't keep up with the destructive power of crypto.
---
A compensation of $7.3 million a day sounds like a joke.
View OriginalReply0
BearMarketBuyer
· 12-13 14:31
15 years to exchange for 40 billion, who calculates who loses in this account
---
Honestly, this judgment is really disappointing
---
Good thing I exited early, or I would have taken a loss again
---
The odds are not fair, if it continues like this, who still fears going to jail
---
$40 billion in 15 years? I can't figure out how they calculated this
---
This is hilarious, it gives others a lot of inspiration, do you dare to imagine or not
---
Really, this makes me look down on some project teams even more
---
Instead of waiting for legal sanctions, it's better to be more cautious yourself
---
This prison sentence is almost like getting it for free, no wonder the younger generation is still doing their thing
---
So who can we trust now, it's really heartbreaking
View OriginalReply0
orphaned_block
· 12-13 14:27
15 years and it's over? I wonder how long the sentence should be to be sufficient.
---
400 billion USD. Damn, what kind of sentencing standard is this?
---
Honestly, this prison term is really weak, almost like no punishment at all.
---
No one dares to regulate the crypto world, so it's just accepted.
---
If I were to take the fall, I’d want to do it too. The odds are just too good.
---
The key is that people will keep doing this in the future; it’s not intimidating at all.
---
Not trying to hype or bash, but this verdict is indeed a bit lenient.
---
If this kind of case were in traditional finance, they’d have long been sentenced to life imprisonment.
---
Honestly, if I were the victim, I’d be furious—15 years is nothing.
---
Legal sanctions in the crypto world will never catch up with the extent of the damage.
The founder of a large cryptocurrency project was sentenced to 15 years in prison for the project's collapse, involving a case amounting to as much as $40 billion. This means that the average daily imprisonment time corresponds to only about $7.3 million in damages— the absurdity of this number highlights how intense the market reaction has been.
How severe was this crisis? The market nearly shook, and a significant portion of funds in global investors' accounts evaporated. Many people's savings, pensions, and children's education funds were involved. This is not just a numbers game; it's a real financial disaster.
Now, the question is: Is this verdict fair?
Some say the cost of crime is too low. Based on this standard, committing financial fraud might actually be a profitable business— the odds are skewed. There are also netizens jokingly saying, "With such a sentence, someone would volunteer to take the fall."
Compared to other major financial fraud cases, is this sentencing too light? Or does considering other factors actually amount to a harsher punishment? Industry insiders, investors, and legal experts may have different opinions. The key is: what judicial standards can both punish crime and protect future participants? This issue is particularly urgent in risk management within the cryptocurrency market.