Sam Bankman-Fried, the founder of FTX, has been sentenced to 25 years jail term for leading a $8 billion fraud
The verdict came after he was found guilty of seven counts of fraud and conspiracy related to FTX’s collapse in 2022.
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.
Follow Us on Facebook – @LadunLiadi; Instagram – @LadunLiadi; Twitter – @LadunLiadi; Youtube – @LadunLiadiTV for updates
