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coinpedia 2024-03-28 15:50:48

25-Year Prison Sentence for FTX Founder Sam Bankman-Fried

The post 25-Year Prison Sentence for FTX Founder Sam Bankman-Fried appeared first on Coinpedia Fintech News A federal judge decided on Thursday that Sam Bankman-Fried must serve 20 years in jail for the fraud and conspiracy that finally brought down his once-dominant cryptocurrency exchange, FTX, according to Reuters. A year after FTX filed for Chapter 11 bankruptcy, in November, Bankman-Fried was found guilty on seven criminal counts. Judge Lewis Kaplan made …

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