Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison by a Manhattan federal judge on Thursday after being found guilty last year of orchestrating a multibillion-dollar fraud scheme at the now-bankrupt crypto exchange.
The big picture: U.S. prosecutors wanted Bankman-Fried, 32, to serve 40 to 50 years for one of the "biggest financial frauds in American history."