Sam Bankman-Fried sentenced to 25 years for FTX fraud
Teona Gherasim
FTX co-founder Sam Bankman-Fried was sentenced to a total of 300 months, or 25 years, in prison for seven counts of conspiracy and fraud charges stemming from the collapse of the crypto exchange he started. The judge applied a 240-month sentence for four of the charges, plus a 60-month sentence for two others, and ordered that Bankman-Fried forfeit more than $11 billion (including property) as recommended by prosecutors. Judge Lewis Kaplan’s sentence was shorter than the 40 to 50 years
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