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    Sam Bankman-Fried sentenced to 25 years in jail over FTX collapse

    March 29, 2024 - By how finance works

    NEW DELHI: Crypto entrepreneur Sam Bankman-Fried has been sentenced to 25 years in jail for a serious fraud case linked to the collapse of FTX, a outstanding platform for digital forex alternate. The sentencing occurred in a Manhattan courtroom, the place Bankman-Fried confronted costs of fraud and conspiracy, marking a…

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  • Business Finance

    Sam Bankman-Fried sentenced to 25 years in jail for FTX fraud

    March 28, 2024 - By how finance works

    Sam Bankman-Fried, on Thursday, March 28, was sentenced to 25 years in federal jail for defrauding clients and traders of the FTX cryptocurrency alternate he based. He was convicted of stealing $8 billion from clients of the now-bankrupt FTX alternate.The sentence listening to of Sam Bankman-Fried, occurred on the Manhattan…

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