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Sam Bankman-Fried said he is "haunted" by his decisions, which led to the collapse of FTX and billions of dollars of customers' funds lost.
"I'm haunted, every day, by what was lost. I never intended to hurt anyone or take anyone's money," Bankman-Fried told ABC News.
Sam Bankman-Fried was sentenced to 25 years in prison for fraud and conspiracy convictions relating to the spectacular collapse of his cryptocurrency exchange FTX in 2022.
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. history. Federal Judge Lewis A. Kaplan imposed the sentence Thursday in a packed Manhattan courtroom. The 32-year-old Bankman-Fried was convicted in November of fraud and conspiracy charges brought after his once-soaring cryptocurrency trading platform and related companies collapsed into bankruptcy. Bankman-Fried was extradited to the U.S. in December 2022, five years after he started his businesses with plans to revol...
FTX co-founder and crypto fraudster Sam Bankman-Fried is going to jail for a long time.