UNITED STATES – Sam Bankman-Fried, also known as SBF, was sentenced by a New York judge today to 25 years in prison for defrauding customers on his cryptocurrency exchange, FTX.
Bankman-fried admitted to mistakes but claimed FTX could repay customers.
Last November, he was found guilty of fraud and conspiracy in FTX’s collapse, accused of taking over $10 billion from customers.
Bankman-Fried has vowed to appeal his sentence and conviction.
