Cryptocurrencies: Sam Bankman-Fried, ex-boss of FTX, sentenced to 25 years in prison

2024-03-28T16:31:20.683Z

Highlights: Sam Bankman-Fried was sentenced Thursday to 25 years in prison for one of the largest financial frauds in recent history. The judge notably noted that he had committed several perjuries on the stand. During the hearing in a New York court, the 30-year-old apologized, admitting to having "made a series of bad decisions" He was found guilty in November of all seven counts against him, and was sentenced in court in New York on Thursday. The case is expected to last until at least 2024.

Sam Bankman-Fried was sentenced Thursday to 25 years in prison for one of the largest financial frauds in recent history, after the judge notably noted that he had committed several perjuries on the stand.