You could also think of it as 11 minutes each for defrauding each of 1.2MM people. I don't know whether either of those sentences are good ones, but there does come a point at which a narrow violent crime should be punished less than a huge non-violent one. FEMA uses about 7.5MM for a human life for certain cost-benefit analyses (much lower values are used in many of the countries where most FTX customers lived): is there a sense in which doing a billion dollars of damage is in certain ways comparable to 130 killings? Surely some people who lost money would have used that money in part to save someone's life.