Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»HACKING NEWS»Bankman-Fried sentenced to 25 years in prison
HACKING NEWS

Bankman-Fried sentenced to 25 years in prison

By Crypto FlexsMarch 28, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bankman-Fried sentenced to 25 years in prison
Share
Facebook Twitter LinkedIn Pinterest Email
  • Sam Bankman-Fried was sentenced to 25 years in prison.
  • FTX collapsed in November 2022, with customers losing billions of dollars in assets.

Sam Bankman-Fried, founder and former CEO of bankrupt cryptocurrency exchange FTX, has been sentenced to 25 years in prison.

FTX filed for bankruptcy in November 2022. Sam Bankman-Fried has been in prison awaiting sentencing since being found guilty of fraud last year.

SBF sentenced to 25 years in prison for fraud

U.S. District Judge Lewis Kaplan sent Bankman-Fried to prison for less than what prosecutors had sought. But the sentencing delivered a timely reminder to cryptocurrency industry bosses after FTX’s demise in 2022 reverberated across the industry.

Thursday’s sentencing marks the end of one of the world’s largest fraud-related cases centered on 32-year-old Bankman-Fried. He was also ordered to confiscate more than $11 billion in assets.

trot! Disgraced FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison.

+Over $11 billion in confiscation orders pic.twitter.com/JwOtDYODFg

— Bitcoin Archive (@BTC_Archive) March 28, 2024

The former FTX CEO apologized for his actions in brief remarks prior to the judge’s sentencing. But his argument that FTX customers would be made whole didn’t sit well with the judge.

“Defendants’ claims that FTX customers and creditors will be paid in full are misleading, logically flawed, and speculative.” Judge Kaplan said:


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The first extension for Solana developers

October 27, 2025

Shamir’s Secret Sharing (SSS) for secure quantum data storage

October 25, 2025

Cryptocurrency company Xeltox has been fined C$177M by Canada’s AML regulator.

October 23, 2025
Add A Comment

Comments are closed.

Recent Posts

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

The first extension for Solana developers

October 27, 2025

River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim And Refund Instantly After End

October 27, 2025

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025

Ethereum Rebounds from Bull Market Support: Can It Conquer the ‘Pocket of Gold’ Next?

October 26, 2025

TRX Price Prediction: TRON targets $0.35-$0.62 despite the current oversold situation.

October 26, 2025

Shamir’s Secret Sharing (SSS) for secure quantum data storage

October 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025
Most Popular

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025

AI-based research provides insights into Antarctic moss and climate change

October 5, 2024

Alt.town Introduces $TOWN Token Utility Across Platform Services And Launches ValueFi Deposit Event

September 29, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.