Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

WTVR

March 29, 2024 at 4:18 PM

FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for a cryptocurrency fraud that a prosecutor has described as one of the biggest financial frauds in U.S. history. Federal Judge Lewis A. Kaplan imposed the sentence Thursday in a packed Manhattan courtroom. The 32-year-old Bankman-Fried was convicted in November of fraud and conspiracy charges brought after his once-soaring cryptocurrency trading platform and related companies collapsed into bankruptcy. Bankman-Fried was extradited to the U.S. in December 2022, five years after he started his businesses with plans to revolutionize the emerging cryptocurrency industry.

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Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

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