Disgraced ‘crypto king’ Sam Bankman-Fried is sentenced to 25 years over FTX fraud scheme
by Ariana Baio and Katie Hawkinson
Mar 28, 2024
3 minutes
A federal judge has sentenced Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX who was found guilty of lying to investors and customers, to 25 years in prison.
Just four months after a jury found Bankman-Fried, 32, guilty of two counts of fraud and five counts of conspiracy, he faces an order to forfeit $11.2bn.
District Judge Lewis Kaplan, who presided over the sentencing Thursday morning, hit out at Bankman-Fried for putting
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