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U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.
Crypto entrepreneur Sam Bankman-Fried has been jailed for 25 years after being convicted of stealing billions of dollars from his customers.
CRYPTO tycoon Sam Bankman-Fried has been sentenced to 25 years in prison for one of the biggest financial frauds in history.The FTX founder, 32, dubbe
He was known as the ‘Crypto King’, feted by politicians, endorsed by celebrities and entrusted with billions of dollars of funds.
An associate of Ontario's self-described Crypto King was sentenced to five months in jail for contempt of court in Oshawa, Ont. Friday. The sentence stems from a lawsuit against Colin Murphy, 27, filed by an investor trying to recover $120,000 given to Murphy to invest in 'Crypto King' Aiden Pleterski's cryptocurrency investment operation.