Sam Bankman-Fried Sentenced to 25 Years in Prison

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The founder of FTX and Alameda Research is going to jail for his crypto crimes.

Sam Bankman-Fried was sentenced to 25 years in prison on Thursday by Manhattan Federal Judge Lewis Kaplan. A jury found Bankman-Fried guilty of one of the largest white-collar crimes in history roughly five months ago. The 32-year-old could be in jail until he’s 57. “A man willing to flip a coin as to the continued existence of life on earth,” said Judge Kaplan on Thursday, shortly before sentencing. “Mr.

” Bankman-Fried’s fraudulent narrative bled into his criminal trial, where he continued to spin his own story until the final days of trial. SBF’s defense painted him as a naive, genius entrepreneur who got in over his head. However, federal prosecutors depicted the “golden boy of crypto” as a financially reckless CEO with little regard for rules. “I am sorry,” said Bankman-Fried, addressing the court Thursday. “I am sorry about what happened at every stage.

 

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