NEW YORK — A federal judge sentenced former cryptocurrency mogul Sam Bankman-Fried to 25 years in prison Thursday, less than what prosecutors wanted for what they called his “massive” financial crimes, but far more than defense lawyers sought. He was also ordered to pay more than $11 billion.
The chance that Bankman-Fried could commit other crimes weighed into the sentencing decision, Kaplan said. “Sam was not a ruthless financial serial killer who set out every morning to hurt people,” Mukasey said Thursday. He described Bankman-Fried as a person who “doesn’t make decisions with malice in his heart. He makes decisions with math in his head.”
in a letter to the court. The defense’s assertion that FTX customers and investors suffered no harm is “callously and demonstrably false,” Ray wrote.Ahead of Thursday’s hearing, some trial observers wondered whether the Justice Department overreached in asking for at least 40 years in prison.
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