Home World News FTX Founder Bankman-Fried jailed 25 years for $8bn fraud

FTX Founder Bankman-Fried jailed 25 years for $8bn fraud

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FTX Founder Bankman-Fried Gets 25 Years for $8B Fraud

Sam Bankman-Fried, the founder of FTX, has been sentenced to 25 years jail term for leading a $8 billion fraud

FTX Founder Bankman-Fried Gets 25 Years for $8B Fraud
FTX Founder Bankman-Fried jailed 25 years for $8bn fraud

The verdict came after he was found guilty of seven counts of fraud and conspiracy related to FTX’s collapse in 2022.

FTX Founder Bankman-Fried Gets 25 Years for $8B Fraud

Despite claiming innocence, Bankman-Fried expressed regret for customers’ losses but didn’t admit wrongdoing.

Prosecutors celebrated the ruling as a win against cryptocurrency fraud.

Bankman-Fried’s once-promising career now faces a dark future behind bars.

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