Tom Sosnof of Tastytrade put it best:
Last week, the FTX saga mercifully came to an end. Sam Bankman-Fried was finally sentenced. At last, MIT fundraisers can rejoice. Hopefully, aside from the obligatory 60 Minutes prison interview and the Michael Lewis made-for-TV movie, we never have to hear or read about SBF again. But was justice served? SBF for sure doesn’t think he’s done. Also, he probably still believes he didn’t do anything wrong. I am convinced he saw himself as a modern day Robinhood and believed his altruism would protect him from any wrongdoing. Nothing could be further from the truth. SBF’s thievery and the criminality of his organization emboldened the SEC and other regulatory bodies to essentially shut down trading in all but a few of the largest cryptocurrencies. This ultimately cost self-directed investors hundreds of billions of dollars in capital appreciation. It also set the financial industry back by killing start-up valuations, destroying the flow of new investment capital, stifling new tech innovation, and worst of all, limiting what products and strategies individual investors could use to participate in the digital asset marketplace. There is not a prison sentence long enough to compensate for all of the progress he erased.