Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
SBF also ordered to forfeit over $11 billion. Judge will advise the Federal Bureau of Prisons to send him to a medium-security prison or less near the San Francisco area.
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SBF also ordered to forfeit over $11 billion. Judge will advise the Federal Bureau of Prisons to send him to a medium-security prison or less near the San Francisco area.
The crypto exchange co-founder was convicted last year of stealing $8bn from investors.
Prosecutors recommended a prison sentence of 40 to 50 years after Bankman-Fried was convicted of fraud and conspiracy.
SBF also ordered to forfeit over $11 billion. Judge will advise the Federal Bureau of Prisons to send him to a medium-security prison or less near the San Francisco area.
FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for a cryptocurrency fraud that a prosecutor has described as one of the biggest financial frauds in U.S.