SBF committed perjury, keeping the crypto tradition alive
As a US District Court judge sentenced Sam Bankman-Fried (SBF) to 25 years in prison, the judge reminded the fallen crypto leader that he voluntarily committed perjury three times during his trial. Sadly, criminal conduct is unremarkable among businessmen in the digital asset space. For years, founders of crypto projects have withheld information, lied, failed to register with appropriate regulatory agencies, or executed complicated schemes to evade regulations. Crypto perjury has a particularly long-standing tradition . Perjury is a serious crime because it is often an additional, voluntary action that criminals choose to commit after they have already committed more serious crimes. Legally defined, perjury is “a false statement under oath or knowingly signing a legal document that is false or includes false statements.” In other words, someone commits perjury when they intentionally lie about a material issue when legally communicating with officers of a court. The temptation ...