The guilty verdict in the criminal trial of Sam Bankman-Fried—delivered by a jury shortly before 8 p.m. ET in New York—triggered a torrent of reactions across the still vibrant crypto community on Twitter. The overall mood was closer to smug schadenfreude than jubilant, but there were hot takes across the spectrum.

“Should let the SBF trial be a clear warning for other operators in crypto,” wrote crypto analyst and venture capitalist Adam Cochran. “If you play with people’s funds, they’ll get you in the end, and the first one or come forward gets the least punishment.”

Noting that Bankman-Fried was largely doomed given the damning testimony of former colleagues, Cochrane pointed out that former Alameda CEO Caroline Ellison will face minimal jail time whereas the FTX co-founder “likely faces life in prison.”

“Do you really trust your coconspirators when it’s all on the line?” he asked. “Like, would you really trust Justin Sun not to rat you out?”

“Careful out there sketchbags,” he concluded.

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Author: Ryan Ozawa

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