Crypto Mogul Sam Bankman-Fried Sentenced to Prison
March 28, 2024
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0:32Now PlayingCrypto Mogul Sam Bankman-Fried Sentenced to Prison
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as posted by the channelCrypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency, the Associated Press reports.
Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David.
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