- Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
FTX cryptocurrency exchange founder Sam Bankman-Fried stands before U.S. District Judge Lewis Kaplan as he is sentenced to 25 years in prison, at Federal Court in New York City, U.S., March 28, 2024 in this courtroom sketch. REUTERS/Jane Rosenberg Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
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