‘Crypto King’ Sam Bankman-Fried jailed for 25 years I BBC Recordsdata

‘Crypto King’ Sam Bankman-Fried jailed for 25 years I BBC Recordsdata

Sam Bankman-Fried – recurrently diagnosed as SBF – has been sentenced to 25 years in penal advanced for stealing billions of bucks from customers of his cryptocurrency trade FTX.

The earlier billionaire CEO faces decades in penal advanced for fraud and conspiracy prices stemming from his role within the collapse of FTX.

Prosecutors inform Bankman-Fried took greater than $10bn (£7.9bn) from unsuspecting customers in “indubitably one of the supreme financial frauds” in US historical past.

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