Sam Bankman-Fried sentenced to 25 years in prison. Judge Lewis Kaplan set the sentence at 25 years after a jury found the 32-year-old guilty in November.

Prosecutors had previously called for a much higher prison sentence for Sam Bank man-fried. More soon on SPIEGEL.de. The founder of the collapsed crypto exchange FTX will spend the coming decades behind bars. The multi-billion dollar fraud trial took place in New York and Washington, D.C.