Friday Briefing: Sam Bankman-Fried Gets 25 Years
Sam Bankman-Fried, who was convicted of stealing $8 billion from customers of his FTX cryptocurrency exchange, was sentenced to 25 years in prison. It was a significantly lighter sentence than the maximum penalty of 110 years that his charges carried, but was well above the six and a half years sought by his defense lawyers. Bankman-Fried was also ordered to forfeit $11.2 billion in assets.