Crypto Collapse: FTX Co-Founder Sam Bankman-Fried Sentenced to 25 Years in Prison for Defrauding Customers and Investors
New York, NY – Former FTX co-founder Sam Bankman-Fried has been sentenced to 25 years in prison after being found guilty of defrauding his customers, investors, and lenders. This decision was handed down by US Judge Lewis Kaplan in a Manhattan federal court, following Bankman-Fried’s trial last fall. He could have faced up to 110 years, but prosecutors pushed for a sentence of 40 to 50 years, while Bankman-Fried’s defense sought a much lighter punishment …