Former crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
Posted: Fri Mar 29, 2024 12:09 am
Former crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
Read more here:
https://www.aljazeera.com/news/2024/3/2 ... -in-prison
Former crypto tycoon Sam Bankman-Fried has been sentenced to 25 years in United States federal prison for stealing $8bn from customers of the now-bankrupt FTX cryptocurrency exchange he founded.
US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing on Thursday after rejecting Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.
Read more here:
https://www.aljazeera.com/news/2024/3/2 ... -in-prison
Former crypto tycoon Sam Bankman-Fried has been sentenced to 25 years in United States federal prison for stealing $8bn from customers of the now-bankrupt FTX cryptocurrency exchange he founded.
US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing on Thursday after rejecting Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.