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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.
Disgraced FTX CEO and Democrat Megadonor Sam Bankman-Fried on Thursday was sentenced to 25 years in jail for fraud after facing up to 100 years in jail.
FILE - FTX founder Sam Bankman-Fried leaves Federal court on July 26, 2023, in New York. T
US prosecutors were seeking a prison term of 40-50 years after a New York jury found Bankman-Fried guilty.
Fallen Crypto Mogul Sam Bankman-Fried Sentenced to 25 Years in Prison