Former CEO of FTX
On JudgeMarket, Sam Bankman-Fried trades near the floor of the crypto-executive cohort, priced as a cautionary tape with almost no rehabilitation path left open. The bid exists only because influence, even negative influence, has a price: FTX at its peak shaped global crypto regulation, and the collapse itself reshaped it harder. Traders also recognize that the effective-altruism and political-donation layers make this more than a standard fraud case — it was a cultural phenomenon. The offer dominates: a 25-year sentence, $8 billion in customer losses, a jury conviction on seven counts, and a reputational profile that will not recover in any plausible horizon. Against Brian Armstrong, SBF is the direct negative comparable that lifts Coinbase's floor. Changpeng Zhao is the lighter-offense comparable, and the spread is wide. Justin Sun trades as the ongoing-risk name in the same neighborhood. Volatility is low: SBF is a settled discount.
