Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
FTX founder Sam Bankman-Fried was sentenced to 25 years for fraud involving $8 billion US dollars, marking his dramatic downfall from billionaire status.
am Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023.(photo credit: REUTERS/EDUARDO MUNOZ/FILE PHOTO)ByREUTERS
