Sam Bankman-Fried, the co-founder of the failed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors.

This marks a major downfall for Bankman-Fried, who was once a prominent figure in the crypto world.

He was found guilty of stealing billions from customers before FTX collapsed in 2022.

Despite expressing remorse in court, the judge handed down a harsh sentence, considering Bankman-Fried’s crimes as serious.

While some believe the sentence is fair, others argue it won’t fully compensate the victims.

Bankman-Fried’s case serves as a warning to the crypto industry about the consequences of fraudulent behavior.

(Credit to BBC for the original information)

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