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FTX Founder Sam Bankman-Fried Sentenced to 25 Years for Defrauding Customers

HeadlineMar 29, 2024

Sam Bankman-Fried, the disgraced founder of the now-defunct cryptocurrency exchange FTX, was sentenced to 25 years in prison for fraud and conspiracy. District Judge Lewis Kaplan noted Bankman-Fried’s “apparent lack of any remorse” for defrauding FTX customers out of at least $8 billion. Bankman-Fried’s lawyer said they plan to appeal.

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