Sam Bankman-Fried sentenced to 25 years in prison for fraud
Posted on AllSides March 28th, 2024
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AP Photo/Mary Altaffer, File
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison Thursday, a court spokesman told The Hill.
The disgraced cryptocurrency mogul was convicted last fall in the Southern District of New York on federal fraud and conspiracy charges related to his role in the collapse of his crypto exchange firm FTX in November 2022.
“A lot of people feel really let down, and they were very let down, and I am sorry about that,” Bankman-Fried told the court Thursday before he received his sentence, according to CNN.
“I am...
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