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Salon
Salon
Politics
Igor Derysh

Furious judge sentences SBF to 25 years

Lewis Kaplan SBF Sam Bankman-Fried United States FTX Crypto

FTX founder Sam Bankman-Fried was sentenced to 25 years on Thursday after he was convicted of defrauding the company’s customers.

U.S. District Judge Lewis Kaplan ordered the crypto billionaire to more than two decades in prison after Bankman-Fried’s lawyers recommended a sentence of five to seven years, according to Axios. Prosecutors sought a sentence of 40 to 50 years.

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