Sam Bankman-Fried, the Founder of the collapsed
cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis
A. Kaplan on Thursday. Bankman-Fried was found guilty on multiple counts of
wire fraud and conspiracy that led to the collapse of the crypto exchange,
causing millions of losses to investors.

The legal tussle reached its climax with the recent
sentencing, where prosecutors sought a staggering 40 to 50 years behind bars
for the disgraced crypto king. Despite the harsh verdict, Bankman-Fried’s
defense team remains undeterred, vowing to appeal both the conviction and the
sentencing.

Samkvæmt skýrslu CNN Viðskipti, Til viðbótar við
the prison sentence, Kaplan ordered forfeiture of $11.2 billion. Judge Kaplan
has recommended that Bankman-Fried be placed in a medium-security or a lower
facility that the Bureau of Prisons will find appropriate.

Medium-security facilities are characterized by
strengthened perimeters and various work programs. During the sentencing, SBF
apologized to the victims of the collapsed cryptocurrency exchange. Compared to prominent white-collar fraud cases, SBF’s
sentence is shorter than Bernard Madoff’s 150-year term but longer than
Elizabeth Holmes’ prison sentence of 11 years.

Búast við áframhaldandi uppfærslum eftir því sem þessi saga þróast.

Sam Bankman-Fried, the Founder of the collapsed
cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis
A. Kaplan on Thursday. Bankman-Fried was found guilty on multiple counts of
wire fraud and conspiracy that led to the collapse of the crypto exchange,
causing millions of losses to investors.

The legal tussle reached its climax with the recent
sentencing, where prosecutors sought a staggering 40 to 50 years behind bars
for the disgraced crypto king. Despite the harsh verdict, Bankman-Fried’s
defense team remains undeterred, vowing to appeal both the conviction and the
sentencing.

Samkvæmt skýrslu CNN Viðskipti, Til viðbótar við
the prison sentence, Kaplan ordered forfeiture of $11.2 billion. Judge Kaplan
has recommended that Bankman-Fried be placed in a medium-security or a lower
facility that the Bureau of Prisons will find appropriate.

Medium-security facilities are characterized by
strengthened perimeters and various work programs. During the sentencing, SBF
apologized to the victims of the collapsed cryptocurrency exchange. Compared to prominent white-collar fraud cases, SBF’s
sentence is shorter than Bernard Madoff’s 150-year term but longer than
Elizabeth Holmes’ prison sentence of 11 years.

Búast við áframhaldandi uppfærslum eftir því sem þessi saga þróast.