Posted 3/28/2024, 5:03:17 PM
Bankman-Fried Sentenced to 25 Years for FTX Fraud and $8 Billion Theft
- Sam Bankman-Fried sentenced to 25 years in prison for fraud and stealing $8 billion from FTX customers
- Judge said SBF showed no remorse and posed risk of committing further crimes in the future
- SBF made statement but did not fully admit wrongdoing or apologize
- Sentence less than potential maximum but still one of longest for financial crime
- Victims reacted to sentencing with mix of satisfaction and frustration over lost money
