Category: ftx

Sam Bankman-Fried could go to a low-security prison and get out early if he plays his cards right, prison consultants...

Sam Bankman-Fried. Lev Radin/Pacific Press/LightRocket via Getty Images Sam Bankman-Fried was sentenced to 25 years in prison on Thursday. Prison consultants think he could serve as few as 17 years — if he plays his cards right. He’ll have to resist contraband and exercise impulse control, prison consultants say. A court sentenced Sam Bankman-Fried, the fallen king of crypto, to 25 years in prison on…

TechCrunch Minute: Sam Bankman-Fried’s sentencing marks an end to the FTX saga

After a lengthy trial and conviction, we finally learned how long former crypto baron Sam Bankman-Fried will be behind bars: up to 25 years. It’s a lengthy sentence, but one that given the scale of the crimes he was convicted of, doesn’t come as a shock. For the crypto industry, it’s also the final page […] © 2024 TechCrunch. All rights reserved. For personal use…

Sam Bankman-Fried apologized for wrecking the lives of FTX customers while still trying to shift the blame for their losses

In this courtroom sketch, Sam Bankman-Fried is seen during his sentencing hearing. Elizabeth Williams via AP Sam Bankman-Fried was sentenced Thursday to 25 years in prison. Ahead of the sentencing, the fallen crypto king admitted that he “failed” and apologized. He expressed remorse for his former colleagues at his now-bankrupt cryptocurrency exchange FTX. Fallen cryptocurrency king Sam Bankman-Fried spoke out Thursday in a Manhattan federal courtroom…

FTX founder Sam Bankman-Fried sentenced to 25 years in prison

Chelsea Jia Feng/BI Sam Bankman-Fried has been sentenced to 25 years in prison. A jury convicted him of seven criminal counts, finding him guilty of fraud and money laundering. Bankman-Fried expressed regret at the hearing — but still tried to shift blame. Sam Bankman-Fried, the disgraced cryptocurrency mogul, has finally learned his fate. US District Judge Lewis Kaplan sentenced Bankman-Fried Thursday to 25 years in…

Sam Bankman-Fried gets 25 years in prison for fraud and money-laundering at FTX

Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laundering during his trial. “When […] © 2024 TechCrunch. All rights reserved. For personal use…

Sam Bankman-Fried sentenced to 25 years in prison for fraud

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison Thursday. The disgraced cryptocurrency mogul was convicted last fall in the Southern District of New York on federal fraud and conspiracy charges related to his role in the collapse of his crypto exchange firm FTX in November 2022. “A lot of people feel really let down, and they were very let down, and I…

Crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried. Chelsea Jia Feng Sam Bankman-Fried has been sentenced to 25 years in prison. A jury convicted him of seven criminal counts, finding him guilty of fraud and money laundering. Bankman-Fried has been incarcerated in Brooklyn’s MDC since before his trial.  Sam Bankman-Fried, the disgraced cryptocurrency mogul, has finally learned his fate. US District Judge Lewis Kaplan sentenced Bankman-Fried Thursday to 25 years in…