Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
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

Encryption Inheritance Update: April 2, 2025

June 6, 2025

Summary of Domain Audit that cannot be stopped -Ackee Blockchain

June 5, 2025

Director Trezor: What is the best hardware wallet in 2025?

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 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

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025
Most Popular

json rpc – Has the scriptPubKey address field in Bitcoin RPC changed?

May 22, 2024

Hamster Combat Token Airdrop Scheduled for September

August 28, 2024

Trader Says Ethereum Rival Is One Of His ‘Highest Conviction’ Trades, Predicts Major Catch-Up On Bullish Catalyst

September 30, 2024
  • 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.