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Former billionaire Sam Bankman-Fried jailed for 25 years for crypto fraud
short by Ankush Verma / on Thursday, 28 March, 2024
Former billionaire and Founder of now-bankrupt crypto firm FTX, Sam Bankman-Fried, has been jailed for 25 years for his role in the massive crypto fraud. A jury found Bankman-Fried, 32, guilty on November 2, 2023 on seven fraud and conspiracy counts stemming from FTX's November 2022 collapse. Prosecutors called it one of the biggest financial frauds in US history.
read more at Reuters