Judge Kaplan has determined that the loss amount to victims of Bankman-Fried's crimes exceeds $550 million, which is at the high end of the range provided by federal sentencing guidelines. The judge specified that there was a loss of $1.7 billion to investors, $1.3 billion to Alameda lenders, and $8 billion to FTX customers.
In response to arguments made by SBF's lawyers in pre-sentencing memos claiming that there was no loss to victims, Judge Kaplan firmly stated his rejection of this assertion, emphasizing that there was indeed an actual loss incurred.
