Sam Bankman-Fried Sentenced To 25 Years In Srison For FTX Crimes
By Salam Bustanji
Former billionaire Sam Bankman-Fried has been convicted and sentenced to 25 years in prison for orchestrating a massive financial fraud that led to the downfall of the crypto trading platform FTX.
Bankman-Fried was found guilty of seven counts of fraud, including stealing customer funds from FTX accounts and lying to investors and creditors. The total amount believed to have been stolen was at least $8 billion.
Prosecutors argued that the embezzled... Читать дальше...