Sam Bankman-Fried Jailed For 25 Years For FTX Fraud
NDTV
US prosecutors were seeking a prison term of 40-50 years after a New York jury found Bankman-Fried, known by his initials SBF, guilty in November following a five-week trial that probed the one-time high roller's spectacular fall.
Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday following his conviction in one of the biggest financial fraud cases in history.
US prosecutors were seeking a prison term of 40-50 years after a New York jury found Sam Bankman-Fried, known by his initials SBF, guilty in November following a five-week trial that probed the one-time high roller's spectacular fall.
During the hearing Sam Bankman-Fried told the courtroom that he was "sorry about what happened at every stage. And there are things I should've done and things I shouldn't have."
