FTX crypto-crook Sam Bankman-Fried gets 25 years in prison
ID: 9dd4003b-838b-5d3c-85fc-430528838256
STIX ID: report--9dd4003b-838b-5d3c-85fc-430528838256
Feed Name: The Register (Security)
A New York federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison and ordered $11 billion in forfeiture after rejecting defense claims that customers would be fully repaid. The court cited perjury, witness tampering, and overwhelming evidence of fraud totaling billions, while FTX’s current CEO John Ray emphasized that full recovery for creditors is unlikely, contradicting SBF’s repeated assertions of solvency.
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