SBF has just been convicted of committing intentional fraud, not just "lack of internal controls". Was it an oversight to use rand() to generate your deposit insurance figures, or add that switch to allow Alameda unlimited rights to dip into the customer fund kitty?
As far as I can tell, yes, that is exactly his stance: each suffering person is a net negative, regardless of others who are not. So five people suffering is always worse than one person suffering.
And please don't mistake people explaining his theories with supporting them.
His argument is basically that industrial society increases net suffering from violence and disease, because large populations are unsustainable and rely on the exploitation of the third world's poor. So instead of having one person die from a curable infection because nobody has antibiotics, you have five dying of infections because the population has exploded and antibiotics exist but they can't afford them.