Bankman-Fried Sentenced to 25 Years in Prison Over FTX Collapse

News March 28, 2024 at 12:09 PM
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What You Need To Know

  • He faced as long as 110 years behind bars after being convicted last year of seven offenses, including fraud and conspiracy.
  • In addition to the prison sentence, Judge Kaplan said that Bankman-Fried should forfeit more than $11 billion.
  • Bankman-Fried will likely be sent to a medium-security facility, according to a prison consultant.
Sam Bankman-Fried, co-founder of FTX Cryptocurrency