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Jerusalem Post/World News

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.
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
MARCH 28, 2024 18:07

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