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FTX Co-Founder Bankman-Fried Sentenced to 25 Years in Prison

FTX co-founder <-bsp-person state="{"_id":"0000018e-8623-dd73-a18e-c727151c0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has upended the crypto industry.

Bankman-Fried Sentencing a Harbinger of Crypto Trials to Come

FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison. The decision sets the tone for others accused of crimes involving digital assets, including former Celsius Network Ltd. Chief Executive Officer Alex Mashinsky, Terraform Labs Pte co-founder Do Kwon and Binance Holdings Ltd. founder Changpeng Zhao.

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