Sam Bankman-Fried sentenced to 25 years in prison for fraud ...Middle East

The Hill - Technology
Sam Bankman-Fried sentenced to 25 years in prison for fraud
source : The Hill ( Middle East ) () 128
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison Thursday, a court spokesman told The Hill. The disgraced cryptocurrency mogul was convicted last fall in the Southern District of New York on federal fraud and conspiracy charges related to his role in the collapse of his crypto exchange firm FTX in November 2022. "A lot of people feel really let down, and they were very let down, and I am sorry about that,” Bankman-Fried told the court Thursday before he received his sentence, according to CNN. "I am sorry about what happened at every stage. And there are things I should've done and things I shouldn't have." The collapse marked a dramatic fall from grace for B

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