Today news
About the same in other media
Breaking: Judge Sentences FTX Founder Sam Bankman-Fried to 20 Years in Prison, Fined $11 Billion
Reading now: 436
Disgraced FTX founder Sam Bankman-Fried has been sentenced to 24 years in prison and an $11 billion fine, Judge Lewis A. Kaplan ruled in Manhattan federal courthouse Thursday morning.
Kaplan likened Bankman-Fried’s theft of nearly $8 billion in customer funds to “a game,” where he weighed “the cost of getting caught against the probability of not getting caught.”
“That was his game,” Kaplan said. “It’s in his nature.”
Bankman-Fried was convicted on seven fraud charges in November 2023 after a whirlwind trial that saw the FTX founder testify in his own defense.
Read more on cryptonews.comAbout this in other media
Legal Experts Explain Why Sam Bankman-Fried’s 25-Year Prison Sentence Is Fair cryptonews.com /3 weeks ago
Turkish crypto chief starts 11,196-year prison sentence finextra.com /3 weeks ago
Sam Bankman-Fried Issues First Statement Since Sentencing: “I Never Thought What I Was Doing Was Illegal,” ABC News Reports cryptonews.com /3 weeks ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
