NEW YORK — Cryptocurrency entrepreneur Sam Bankman Freed was sentenced Thursday to 25 years in prison for massive fraud against hundreds of thousands of customers. The scam came to light with the collapse of FTX, once one of the world's most popular digital currency exchange platforms.
U.S. District Judge Louis A. Kaplan called Bankman Fried “very smart,” but before sentencing him to half the sentence sought by prosecutors, less than a quarter of 105 years in prison. A harsh analysis of Bankman Freed and his crimes. Recommended by the court's probation officer.
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