Sam Bankman-Fried, the former billionaire who was found guilty of defrauding customers and investors of his cryptocurrency exchange FTX, was sentenced to 25 years in prison on Thursday by a federal judge, who ruled that Bankman-Fried committed perjury and attempted witness tampering. The sentencing closes the door on an astonishing rise-and-fall saga in which Bankman-Fried, 32, was lauded as one of the world’s most successful entrepreneurs before losing more than $8 billion worth of FTX customer deposits. [time-brightcove not-tgx=”true”] Bankman-Fried’s sentence is less what federal prosecutors had hoped for: they recommended that he should receive 40-50 years due to the “extra
Hence then, the article about why sam bankman fried received a 25 year prison sentence was published today ( ) and is available onTime ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Why Sam Bankman-Fried Received a 25-Year Prison Sentence )