Analysis: SBF's sentence is expected to be around 10 to 20 years, rather than 115 years

ChainCatcher news, according to CoinDesk, in the trial of FTX founder Sam Bankman-Fried (SBF), SBF faces 7 charges, of which only 2 are "substantive" charges, namely "wire fraud against FTX customers" and "wire fraud against Alameda Research lenders," which means the U.S. Department of Justice accuses SBF of actively committing these crimes.

The remaining 5 charges are all "conspiracy" charges, meaning the U.S. Department of Justice accuses him of planning to commit crimes with at least one other person. Unlike "substantive" charges, "conspiracy" charges do not require proof that "the crime actually occurred." For "conspiracy" charges, the U.S. Department of Justice must exclude reasonable doubt and prove that at least two people "agreed to commit fraud" and took overt actions to do so.

Kramer Levin partner Jordan Estes stated that the Department of Justice may try to simplify the case as much as possible so that the jury can focus on the lies and fraud SBF was involved in, but if SBF's defense team can prove he had no intention of committing fraud, he may be acquitted.

SBF initially faced eight charges (one of which was later dropped) that could result in a total of 115 years in prison. Some media reports suggest that SBF could spend over 100 or 150 years in prison, but in reality, if convicted, he is unlikely to serve that long. First, even with multiple convictions, these sentences are more likely to be served concurrently rather than consecutively. Several lawyers have stated that considering the severity of the crimes and the expected losses, if SBF is convicted, he may spend around 10 to 20 years in prison.