28 Mar 2024

‘Crypto King’ Sam Bankman-Fried gets 25 years in prison

Washington Correspondent

He was known as the ‘Crypto King’, feted by politicians, endorsed by celebrities and entrusted with billions of dollars of funds.

Now, Sam Bankman-Fried has been sentenced to 25 years in prison.

A judge in New York found that customers, investors and lenders lost $11 billion after the collapse of his FTX firm and rejected pleas from his defence for a shorter sentence.