Tech
FTX co-founder Sam Bankman-Fried sentenced to 25 years
Bankman-Fried told the court he was “sorry about what happened at every stage” over the cryptocurrency exchange’s collapse
FTX co-founder Sam Bankman-Fried has been sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has both captivated and overshadowed the crypto industry.
US District Judge Lewis A. Kaplan delivered the sentence in federal court in Manhattan moments after Bankman-Fried said he was “sorry about what happened at every stage.” He faced as long as 110 years behind bars after being convicted last year of seven offences, including fraud and conspiracy.
