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Ace Of Spades HQ
Ace Of Spades HQ
28 Mar 2024


NextImg:Democrat Mega-Donor Sam Bankman-Fried Sentenced to 25 Years for Swindling Billions from Customers

Prosecutors sought 50 years but Sam Bankman-Fried got the Friends and Family Discount.



Crypto entrepreneur Sam Bankman-Fried on Thursday was sentenced to 25 years in prison for stealing $8 billion from customers at the failed crypto exchange, FTX.

U.S. District Judge Lewis Kaplan said that the FTX founder had committed "obstruction of justice," according to NBC News.

Bankman-Fried admitted during his sentencing hearing in New York that he made "selfish decisions" when running the failed crypto exchange.

"They built something really beautiful and I threw all of that away," Bankman-Fried said of his former co-workers at the exchange, according to CNBC News.