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NEW YORK, US – JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. 

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In a letter to the Department of Justice, an FTX customer who lost $4 million when the exchange filed for bankruptcy in 2022 expressed disgust at a circulating narrative that clients of the crypto exchange would ever be made whole.

“I have scraped the docket of scheduled claims and calculated the exact amount stolen,” wrote the former FTX customer, whose identity has been concealed by the government. “The total value of customer liabilities is $19,722,911,002.84.”

This week, that letter ended up on the desk of U.S. District Judge Lewis Kaplan, who on Thursday will inform FTX founder Sam Bankman-Fried of his prison sentence stemming from his role in the collapse of the exchange. At 9:30 a.m., sentencing proceedings will take place on the 26th floor of the federal courthouse in downtown Manhattan, the same place where a jury found the former crypto executive guilty of all seven criminal counts against him in November.

The victim, who wrote that 30 years worth of savings had been deposited into FTX three months before the exchange collapsed, is part of a last-minute push by prosecutors to sway Judge Kaplan ahead of the sentencing.

“My whole life has been destroyed,” the person wrote. “I have 2 young children, one born right before the collapse. Beyond the money, I lost my happiness, my ability to get out of bed, my desire to continue living. My wife is suicidal and depressed.”

The same sorts of stories were told during Bankman-Fried’s monthlong criminal trial last year. Prosecutors won their case by convincing jurors that Bankman-Fried had stolen at least $8 billion from customers. For some people, that meant financial ruin.

“In its sentencing submission, the prosecution has included moving accounts from FTX’s former customers that speak to the devastation experienced by those losing their money, the uncertainty of wondering whether they might ever get any of it back, and dealing with the emotional fallout of being duped,” said Yesha Yadav, law professor and Associate Dean at Vanderbilt University. “These victim impact statements can be very powerful.”

Sam Bankman-Fried faces up to 50 years in prison at sentencing hearing

Bankman-Fried, 32, faces a maximum sentence of more than 100 years in prison, though the government has suggested a sentence in the range of 40 to 50 years. The defense is angling for no more than 6.5 years.

For months, Judge Kaplan has been weighing the appropriate punishment for Bankman-Fried’s crimes related to the implosion of his $32 billion crypto empire.

CNBC spoke to former federal prosecutors, trial attorneys, and a mix of lawyers working to defend white collar criminals to get their take on what to expect on Thursday.

Damaging testimony

Bankman-Fried was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders to sister hedge fund Alameda Research, as well as conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering.

The defense team has argued that Bankman-Fried’s sentence should reflect the potential that FTX customers will be paid back in part or in full. The likelihood of that scenario has increased in recent months thanks to the rising value of cryptocurrencies and other assets FTX owned, such as its stake in artificial intelligence startup Anthropic.

Even as the bankruptcy estate promises to pay customers back, many of FTX’s thousands of victims argue that their crypto stakes have been significantly undervalued by the exchange’s new leadership team.

“A lot will be said about the loss at the time of the conduct, not the recovery or potential recovery after it was discovered,” said former federal and state prosecutor David Weinstein, who now practices as a corporate compliance and white collar defense attorney at Jones Walker. Weinstein said he expects to see a sentence in the range of 30 to 40 years.

Mark Bini, a former state and federal prosecutor and U.S. assistant attorney who specialized in financial crimes, anticipates a sentence of no less than 30 years. 

“Probation calculates the guidelines at 110 years,” said Bini, who currently represents white collar crypto defendants as part of law firm Reed Smith’s On Chain digital asset team. “I think the judge is likely to side with probation and the government on the loss amount and the appropriate guidelines.”

Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives to court in New York, US, on Thursday, Oct. 12, 2023.

Bloomberg | Bloomberg | Getty Images

Judge Kaplan, 78, is a veteran of the Southern District of New York and has presided over some of the biggest cases to roll through his courthouse. He showed little patience for Bankman-Fried during the defendant’s four days on the stand.

“Unfortunately for SBF, some of his testimony at trial came across as highly evasive, somewhat cold and often contradictory,” said Yadav, adding that a sentence of 20 to 25 years could offer Judge Kaplan a way to balance the severity of the crime with a recognition of customer recoveries and the potential for future rehabilitation.

Former federal prosecutor Neama Rahmani described Kaplan as “old school” and predicted a sentence of 20 to 30 years.

Tre Lovell, a Los Angeles corporate law attorney, said the core factors Kaplan will consider will be the extent of the fraud, along with the fact that Bankman-Fried appeared to have lied under oath while showing little remorse.

“The judge isn’t going to cut Bankman-Fried a break just because FTX has recovered a lot of funds to offset the amount that customers lost,” Lovell said. “The judge is just going to look at Bankman-Fried’s conduct at the time he was in charge of the company, not what the company did after he stepped down as CEO.”

Bankman-Fried has one last chance to take the stand in front of the judge in order to show some level of contrition and a promise to become a benefit to society.

“If he says he’s had a chance to think about what he did and that he’s very sorry for misusing the hard-won funds of investors, and that he wants to use his acumen in this field for the public good, then he may walk out with a prison sentence that is south of 20 years,” Lovell said. “In court, it’s never too late to say you’re sorry. But he won’t get a big discount on his sentence just for being contrite.”

WATCH: Prosecutors recommend a 40-50 year prison sentence for Bankman-Fried

Prosecutors recommend a prison sentence of 40-50 years for Sam Bankman-Fried in FTX fraud

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Fast charging just got sleeker: Delta’s 50kW Wallbox launches in US

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April 23, 2025

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Fast charging just got sleeker: Delta's 50kW Wallbox launches in US

Delta 50kW Wallbox
Photo: Delta Electronics

Fremont, California-based Delta Electronics just rolled out a sleek new 50kW DC Wallbox charger that’s designed for tight spaces at ACT Expo 2025.

This charger packs a punch in a surprisingly slim, 10-inch-thick, and lightweight (just 225 pounds!) casing that can be wall-mounted or set up on a pedestal. It’s specifically designed for tight spaces like urban parking lots, busy corporate campuses, or crowded fleet operation hubs.

Delta plans to manufacture these 50kW DC Wallbox chargers in Plano, Texas, keeping it local and supporting the rapid EV infrastructure growth across North America.

A 50 kW charger is at the low end of Level 3 fast charging speed, because you don’t always need to charge your car in 25 minutes. It’s the ideal charging speed for shopping, lunch, or seeing a film. Eng Taing, Delta’s senior VP and GM of energy & telecom Infrastructure, says, “Our focus is on seamlessly integrating high efficiency charging into the diverse scenarios of everyday life, including commercial operations, not just maximizing power output.”

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With a 97% efficiency rate, the Wallbox can juice up two EVs simultaneously using either CCS1 or NACS connectors. Plus, the 23-foot cable makes it easy to accommodate nearly any parking layout, eliminating headaches during installation.

Delta’s vertical integration approach means it handles everything from design to manufacturing. But it doesn’t stop at hardware; the charger also connects to Delta’s IoT platform, offering remote diagnostics, predictive maintenance, and over-the-air updates. That hopefully means fewer disruptions and smoother operations for fleet managers and EV users.

If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

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Used EV prices fell 40%, and buyers are searching like never before

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10 hours ago

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April 23, 2025

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Used EV prices fell 40%, and buyers are searching like never before

Used EVs

More car buyers are hunting for used EVs – CarMax says searches filtered by “electric vehicle” have nearly doubled since January 2022.

CarMax saw EV searches surge in March 2022 and again in June 2024. The first spike lined up with the gas price shock after Russia invaded Ukraine, and the second came right as the Biden administration rolled out its $4,000 federal tax credit for used EVs.

The online used car marketplace’s Spring 2025 Electric Vehicle Consumer Report shows just how far used EV prices have tumbled, down over 40% between January 2022 and February 2025. By comparison, prices for gas cars, hybrids, and plug-in hybrids only slipped about 12% over the same period.

For the third year running, the Tesla Model 3 and the Model Y were in the No. 1 and No. 2 slots, respectively, from September 1, 2024, to February 28, 2025. The Chevy Bolt jumped into third place from its previous spot at No. 7 in 2024 and 2023. The Ford F-150 Lightning (7) and the Rivian R1T (10) made the top 10 for the first time, while the Tesla Model S and the Audi e-tron dropped out. The Hyundai Ioniq 5 and Nissan Leaf were at Nos. 5 and 6, and the Volkswagen ID.4 (4), Nissan LEAF (6), and the Ford Mustang Mach-E (9) made the list for the third year in a row.

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What people are trading in

For the first time ever, more people are ditching sedans and coupes for EVs than SUVs. CarMax says sedans and coupes made up 44% of all EV trade-ins, up from 36% in 2024 and just 29% the year before. It’s a clear sign that the EV switch is picking up speed across more than just SUV drivers.

When customers traded in sedans for EVs during this report’s measurement period, the most common EVs they purchased were the Tesla Model 3, Tesla Model Y, and Chevy Bolt EUV. 

The top traded-in model for an EV at CarMax was the Tesla Model 3, and those who traded in a Model 3 usually went for a Model Y. The rest of the top five include the Honda Civic and Accord, the Nissan LEAF, and the Toyota Prius. The Ford F-150 truck, the top trade-in alongside the Accord in the 2024 report, dropped off the list.

Since this is CarMax’s report, it’s of course based on data sourced from its 250 stores across the US. In 2025, Oregon beat California to become the state with the highest percentage of EV sales compared to each state’s total sales at CarMax. California has previously held the top ranking since 2023. 

The West Coast continued to dominate when it came to used EV sales. California and Washington were in second and third place, respectively. Nevada and Arizona were fourth and sixth, while Utah and New Mexico (new to the top 10 list this year) held spots five and seven. On the East Coast, New York (10) appeared on the list for a second time, dropping two spots from No. 8 in 2024. 

The newcomers include Minnesota, which jumped 24 spots in a year to No. 8, and New Jersey, which moved up six slots to No. 9.

To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.

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Heybike Hauler cargo e-bike at new $1,099 low, EcoFlow multi-day power station flash offers from $349, Aiper solar pool skimmer, more

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April 23, 2025

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Heybike Hauler cargo e-bike at new ,099 low, EcoFlow multi-day power station flash offers from 9, Aiper solar pool skimmer, more

Headlining today’s Green Deals is Heybike’s Mother’s Day Sale that is taking up to $500 off e-bikes on top of offering some additional free gear, with the brand’s Hauler Cargo e-bike getting brought down to a new $1,099 low, among others. We also have EcoFlow’s final flash offers that will be running for the duration of its Mega Sale through April 15, with notable returning low prices on the RIVER 2 Pro power station, a DELTA Pro 3 solar generator bundle, an EcoCredits purchase opportunity from $1, and more. You can prep for swimming season by grabbing Aiper’s latest Surfer S2 Solar Pool Skimmer while it’s back at its $320 low, as well as gear up for camping and storm cleanup needs with Greenworks’ second-generation 40V 12-inch Cordless Electric Chainsaw at $128. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s exclusive $2,000 in savings on EcoFlow’s DELTA Pro Ultra station at a new low price, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Heybike’s latest Hauler cargo e-bike with a 440-pound payload for up to 85 miles starts from new $1,099 low

Heybike is launching its Mother’s Day Sale through May 11 with up to $500 taken off initial e-bike prices while also offering free gear along with your purchase. Amongst the bunch, we spotted Heybike bringing its latest Hauler Cargo e-bike down to $1,099 shipped during this sale. Recently, it’s been carrying a full $1,499 price tag since the start of 2025, which we saw drop to $1,199 in February before staying at $1,399 in the sales since. Today’s deal, though, is coming in better than ever as a $400 markdown that takes things to a new all-time low price. You’ll also be getting the bonus of a large rear cargo basket that attaches to the rear rack. Head below for more.

A solid option for folks who are looking for an alternative for errand running over their car, the Heybike Hauler e-bike sports a 750W brushless geared hub motor that reaches a top speed of 28 MPH and can peak at 1,400W for inclines and better pick-up when hauling packages, groceries, and the like. There are two removable battery options here, depending on just how much travelling you plan to do, with a single 18Ah setup for up to 55 miles on a single charge with its PAS levels activated, or you can upgrade with an additional 12.5Ah battery at $300 more to increase its range up to 85 miles.

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Heybike’s Hauler e-bike sports a nice 440-pound payload capacity and even comes with foldable running boards if you end up hauling a passenger along too. And for the price right now, it also offers some solid stock features, like the hydraulic front suspension fork, front and rear hydraulic disc brakes, puncture-protected tires with fenders over each, a 7-speed Shimano derailleur, an LED headlight with an auto-on feature, an integrated taillight with braking functionality, a kickstand, the obvious rear cargo rack, and an LCD for your real-time data and setting controls.

Heybike’s other Mother’s Day Sale offers:

  • Mars 2.0 Folding Fat-Tire e-bike: $999 (Reg. $1,499)
    • 28 MPH for up to 45 miles
    • 1,000W motor (32 MPH speed) costs $100 more
    • comes with free front basket and large basket
  • Ranger S Folding Fat-Tire e-bike: $1,099 (Reg. $1,499)
    • 28 MPH for up to 55 miles
    • 1,000W motor (32 MPH speed) costs $200 more
    • comes with free front basket and large basket
  • Cityrun Urban Commuter e-bike: $1,099 (Reg. $1,599)
    • 21 MPH for up to 55 miles
    • comes with free front basket and large basket
  • Tyson Uni-Body e-bike: $1,399 (Reg. $1,699)
    • 28 MPH for up to 55 miles
    • comes with free large basket
  • Horizon Full-Suspension e-bike: $1,499 (Reg. $1,999)
    • 28 MPH for up to 55 miles
    • comes with free front basket and large basket
  • Brawn Off-Road e-bike: $1,499 (Reg. $1,799)
    • 28 MPH for up to 65 miles
    • comes with free large basket
  • ALPHA All-Terrain e-bike: $1,599 (Reg. $1,699)
    • 28 MPH for up to 60 miles
  • Hero Carbon-Fiber All-Terrain e-bike: $2,499 (Reg. $2,599)
    • 35 MPH for up to 60 miles
    • comes with free large basket
EcoFlow RIVER 2 Pro Portable Power Station

EcoFlow launches multi-day flash offers on DELTA and RIVER power stations + EcoCredits purchase from $1

As we approach the end of EcoFlow’s ongoing Mega Sale through April 25, the brand has launched its last and longest flash sale offers, taking up to 48% off three units while also offering a major EcoCredits purchase opportunity. Alongside the return of the DELTA Pro 3 bundle we saw on Friday, you can now grab the RIVER 2 Pro Portable Power Station for $349 shipped. Normally fetching $599 outside of discounts, we first saw it come down to this rate during similar flash offers in the first phase of this sale. It’s returning as a second-chance opportunity for $250 in savings, giving you a solid traveling companion at the best rate we have tracked. It’s also beating out the pricing we’re seeing from Amazon by $10.

A more ample backup solution among the brand’s RIVER series, the RIVER 2 Pro is ideal for short-term needs at campsites, on road trips, and the like, providing you with a 768Wh LiFePO4 capacity to cover your essential devices and appliances. Through its eight output ports it can deliver up to 1,600W of power, with X-boost tech allowing it to “run 80% of home appliances.” It’s a great option for those who often make last-minute plans too, as plugging it into a wall outlet regains the battery in about 70 minutes, with it also having the options for USB-C and car port recharging, as well as a max 220W solar input, which can put it back at full in 3.5 hours to 4.5 hours in sunny conditions.

EcoFlow’s other flash sale offers ending April 25:

EcoFlow’s massive lineup of Mega Sale deals will only be lasting through April 25, complete with larger EcoCredit rewards, extra savings, and plenty of low prices – don’t miss it while it’s still around!

Aiper Surfer S2 Solar Pool Skimmer

Keep floating debris out of your pool with Aiper’s Surfer S2 solar skimmer back at its $320 low

Through its official Amazon storefront, Aiper is offering its latest Surfer S2 Solar Pool Skimmer for $319.98 shipped. Only on the market for a few months now, it usually carries a $540 price tag, which we first saw drop to this same rate at the top of February, which repeated last month in Amazon’s Big Spring Sale, and has otherwise kept between $340 and $400. You can pick one up while the $220 in savings last for your pool at the lowest price we have tracked, with the price also matching direct from Aiper’s website.

Building upon the success of its predecessor, Aiper’s second-generation Surfer S2 pool skimmer has been upgraded with features like the DebrisGuard anti-leak design, an improved brushless motor, an expanded suction inlet, and a 150-micron filtration system – all to provide better performance when collecting small and large debris alike from your pool’s surface. It’s also been given a larger battery that ramps up its runtime to 35 hours, with recharging available through the onboard solar panel for sunny days or its DC adapter as a backup option.

Working alongside the brand’s algorithms, it’s been equipped with dual dToF sensors to improve its obstacle avoidance – plus, there are even four retractable anti-standing columns to keep it from getting stuck on pool steps as it works. Should the columns fail to impede any such situations, the programming here knows to use its automatic self-rescue capabilities to get it back into the water to continue on its routines. There are the usual smart controls through the companion app that you’d expect, allowing you to monitor and adjust settings with the added bonus of being able to manually steer it.

Be sure to also check out the ongoing discounts across Aiper’s robotic pool cleaners that work right alongside the above pool skimmer to keep your pool clear and swim-ready, as well as the first discount we’re seeing on the new HydroComm 24/7 Smart Pool Monitor that provides 5-in-1 testing for your pool’s pH, ORP, EC, TDS, and temperature, as well as coming solar-powered.

Greenworks 40V 12-inch Cordless Electric Chainsaw

Expand your arsenal with this 2nd-gen Greenworks 40V 12-inch cordless chainsaw at $128

Amazon is offering the 2nd generation Greenworks 40V 12-inch Cordless Compact Chainsaw for $127.99 shipped. Coming down from its usual $170 price tag, discounts have been repeating to this same rate throughout the months since July of last year, with things before then only having gone as low as $120. Today’s deal is a 25% markdown off the going rate, saving you $42 while equipping your arsenal with the latest of the brand’s 12-inch compact chainsaws.

Coming in a more compact form, this 40V Greenworks chainsaw makes a reliable companion for firewood needs at home or while camping, as well as storm cleanup with hurricane season on the horizon. Powered by the included 2.0Ah battery, it sports a 12-inch bar and chain with an auto-oiler to ensure everything remains lubricated and running smoothly, delivering up to 50 cuts on a single charge. It weighs in at just six pounds, making it easy to operate for most users, complete with a safety lock and push-button start to save you time and energy over the frustrations caused by pull-strings.

Other notable Greenworks chainsaw deals:

Best Spring EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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