FTX Founder Bankman-Fried Sentenced to 25 Years for $10B Crypto Fraud

• Former Mercedes F1 sponsor FTX filed for bankruptcy in 2022 • FTX CEO Sam Bankman-Fried sentenced to 25 years in prison for fraud and money laundering • Bankman-Fried convicted on 7 counts, deemed responsible for $10B in lost customer funds • Judge said Bankman-Fried showed no remorse and poses future risk • Mercedes suspended FTX sponsorship before 2022 Brazilian Grand Prix, marking its last F1 win so far