Posted 4/3/2024, 4:00:00 PM
Bankman-Fried Sentenced to 25 Years for FTX Fraud After Partners Aid Prosecution
- Crypto exec Sam Bankman-Fried sentenced to 25 years in prison for FTX fraud
- Cooperation from FTX's former Chief Technology Officer Gary Wang helped prosecutors understand how funds were stolen
- Wang shared FTX code showing changes that let Alameda withdraw unlimited customer funds
- Wang and two other executives pleaded guilty and testified against Bankman-Fried
- Bankman-Fried plans to appeal conviction, denies deliberately committing financial crimes
