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"This is not merely a personal tragedy," she emphasized in her letter to the judge.
"The ease with which we discard young lives brimming with potential is a societal tragedy as well."
Former federal prosecutor Josh Naftalis expressed that Judge Kaplan's decision to impose a significant yet equitable sentence was appropriate.
"The court's message to the crypto market was clear, with an acknowledgment of the potential for Bankman-Fried to reoffend," he noted.
"This is noteworthy as white-collar defendants typically exhibit low recidivism rates."
Prosecutors stated that Bankman-Fried's fraudulent activities resulted in $10 billion in losses, aligning him with the nation's most infamous white-collar criminals.
They drew parallels to Bernie Madoff, the Manhattan financier behind a Ponzi scheme causing $13 billion in losses. Madoff was sentenced to 150 years in prison and passed away at 82 in 2021.
Crypto investor Julian Figueroa believed that Bankman-Fried's sentence was lenient considering his crimes. Figueroa, a 28-year-old residing in Vancouver, British Columbia, claimed to have lost a year's salary due to the FTX collapse.
"I find it puzzling that Bernie Madoff received a longer sentence than Sam Bankman-Fried, considering the circumstances," Figueroa remarked.
Several other high-profile white-collar criminals have received shorter sentences. For instance, Theranos founder Elizabeth Holmes received about 11 years in 2022 for orchestrating a years-long fraud, while former Enron chief Jeffrey Skilling was sentenced to 14 years for deceiving investors about the company's financial status.
Current FTX Chief Executive John Ray mentioned in a filing to the judge that customers are expected to be repaid the value of their claim as of the date the exchange filed for bankruptcy protection. However, due to the surge in the value of many cryptocurrencies since then, customers will miss out on this financial gain, he explained.
Kaplan clarified on Thursday that in determining the sentence, he did not consider whether customers would be reimbursed.
"The analogy holds that a thief who takes stolen money to Las Vegas and successfully gambles with it is not entitled to a sentence reduction," the judge remarked.
Vicky Ge Huang's contributions are acknowledged in this article.