03/28/2024

For his FTX Crimes, Sam Bankman-Fried Sentenced to 25 Years in Prison

The crypto influencer was sentenced for his acts of fraud

Twenty-five years.

That's how long "crypto wunderkind" Sam Bankman-Fried was sentenced to prison on Thursday after being convicted of seven counts of fraud over the collapse of a crypto exchange that was once seen as a key players in the world of finance.

The sentence was delivered by Judge Lewis Kaplan in a Manhattan courtroom, who cautioned that Bankman-Fried "will be in a position to do something very bad in the future, and it's not a trivial risk."

Please select this link to read the complete article from NPR.