Sam Bankman-Fried, the co-founder of the collapsed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-defunct firm. The once-billionaire was a prominent face of cryptocurrency until the company’s sudden collapse in 2022.
FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers.
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The former CEO of crypto exchange FTX had his bail revoked on Friday after a judge found there was considerable evidence he committed witness tampering.
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