SBF became the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.
Judge Lewis Kaplan of the United States District Court for the Southern District of New York sentenced Sam “SBF” Bankman-Fried to a total of 25 years in prison following his conviction on seven felony charges.
SBF is the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.
“Kaplan weighed all of the sentencing factors, including the magnitude of the crime, his conclusion that SBF lied on the witness stand and tampered with a witness, and handed down a serious sentence,” Mark Bini, a former assistant U.S. Attorney for the Eastern District of New York, told Cointelegraph.
