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Sam Bankman-Fried imprisoned for 25 years and ordered to pay $11.2bn

Thursday March 28, 2024. 05:11 PM , from BoingBoing
Sam Bankman-Fried, briefly a billionaire when he operated his cryptocurrency exchange FTX, was today sentenced to 25 years imprisonment for defrauding his investors. He must also pay up $11.2bn, not that it exists.

Judge Lewis Kaplan, just before announcing Bankman-Fried's 25-year sentence, said there was a risk 'that this man will be in a position to do something very bad in the future, and it's not a trivial risk.'

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https://boingboing.net/2024/03/28/sam-bankman-fried-jailed-for-25-years-and-ordered-to-pay-11-2bn.ht

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