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CryptoNewsZ 2024-03-29 13:20:12

Sam Bankman-Fried receives 25-year sentence in landmark fraud case

Judge Sam Bankman-Fried sentenced the former CEO of FTX to 25 years in prison on Thursday for stealing $8 billion from consumers of the cryptocurrency exchange he founded, which is now bankrupt. During a court hearing in Manhattan, the penalty was imposed by U.S. District Judge Lewis Kaplan, dismissing Bankman-Fried’s argument that FTX clients …

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