FTX founder Sam Bankman-Fried was sentenced Thursday to 25 years for orchestrating one of the biggest frauds in U.S. history that led to the stunning collapse of his cryptocurrency exchange and affiliated hedge fund Alameda Research.
The sentence was delivered four months after a New York jury found him guilty on two counts of fraud and five counts of conspiracy.
FILE – FTX founder Sam Bankman-Fried leaves Federal court on July 26, 2023, in New York. The former crypto mogul faces the potential of decades in prison when he is sentenced Thursday, March 28, 2024. (AP Photo/Mary Altaffer, File)
“My useful life is probably over.,” Bankman-Fried told Judge Lewis Kaplan ahead of the sentencing. “It’s been over for a while now.”
He added that “a lot of people feel really let down, and they
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