FTX Founder Bankman-Fried Sentenced to 25 Years for $11 Billion Crypto Fraud

• Sam Bankman-Fried, founder of crypto exchange FTX, sentenced to 25 years in prison for fraud that caused over $11 billion in losses • Judge called his crimes "worthy of a lengthy sentence" to disable him "for a significant period of time" • Prosecutors sought 40-50 years, calling him a risk to "do something very bad in the future" • Bankman-Fried stole from customers and investors, lied, sent fake documents to lenders, made illegal donations, and bribed officials • Witnesses including ex-girlfriend Caroline Ellison testified Bankman-Fried knew he was committing crimes by improperly using customer funds