# Goodbye SBF

*Author: Bankless*
*Published: Nov 3, 2023*
*Source: https://www.bankless.com/es/read/goodbye-sbf-2*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Frame-50458--1-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=bull-vs-bear-uni&email=true)

  

    Goodbye SBF
  
  

  
  Published on Nov 3, 2023

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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[Sign up for Kraken](https://www.bankless.com/sponsor/kraken-1682978636?ref=goodbye-sbf&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
    SBF Guilty on 7 Counts
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Frame-50445--10-.png)- **✅ SBF = Guilty**. We got him. He's guilty on all 7 counts. Technical max sentence is 115 years, his [sentencing is set for late March](https://twitter.com/watcherguru/status/1720231903716884768). ✌️
- 💰 **Block BTC Revenue Up**. Jack Dorsey's Block reported Q3 earnings. It sold $2.42B in BTC to users, [netting $45M in profit](https://x.com/TheBlock__/status/1720391853541900368?s=20).
- **🥩** **Coinbase Staked ETH Empire.** Coinbase [disclosed it has a $7B balance of staked ETH](https://x.com/MikeIppolito_/status/1720225525979902322?s=20), over 15% of total. [*Is this a problem?*](https://twitter.com/RyanSAdams/status/1720488338644140454?s=20)

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      Prices updated at 4:00 pm ET
    
    
      24HR
    
  

  
    
       ![](https://bankless.com/assets/img/modNewsletter/cmc.png)
    
    
      **Crypto Market Cap**
      
        $1.29T
      
    
     
      
        ↘ 0.6%
      
    
  
  
    
      ![](https://bankless.com/assets/img/modNewsletter/btc.png)
    
    
      **Bitcoin**
      
        $34,650
      
    
     
      
        ↘ 1.2%
      
    
  
  
    
       ![](https://bankless.com/assets/img/modNewsletter/eth.png)
    
    
      **Ethereum**
      
        $1,828
      
    
     
      
        ↗ 1.0%
      
    
  

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**📈** **Investors want COIN**: Coinbase's [Q3 results were released](https://x.com/coinbase/status/1720173654707671482?s=20), and despite net revenue declining, transaction volumes getting crushed, and earnings underperforming expectations, COIN pumped on today's open.

.  .  .

 
  
    

    OPINION

  
  
    
    So Long, SBF
  
  
  
   
     
     Bankless Author: 
     
     [
       
    Ryan Sean Adams
     
    ](https://twitter.com/RyanSAdams)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Xnapper-2023-11-03-15.59.02.png)](https://www.bankless.com/goodbye-sbf)One year and five days ago, we **hosted SBF on our podcast to debate Erik Voorhees on crypto regulation.**

Criminals and scammers will visit our industry again in the future. I hope those of us who lived through SBF will be wiser the next time. But above all, let's make sure we remember that the true hope of crypto isn't another set of bankers like SBF...👇

[Read the Full Essay](https://www.bankless.com/goodbye-sbf)
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