The Latest Breaking News from Sam Bankman-Fried

Learn about the downfall of Sam Bankman-Fried, co-founder of FTX, due to financial misconduct, resulting in a 25-year prison sentence.

US District Judge Lewis Kaplan said the defendant, who became known by his initials "SBF," had shown no "real remorse," even in his final pre-sentencing remarks in which the former billionaire rued "a series of bad decisions" but did not acknowledge knowingly violating financial laws.

Bankman-Fried, 32, sentenced for fraud on customers of the FTX cryptocurrency exchange he founded.

Judge Kaplan sentences Bankman-Fried to 25 years in prison for financial crimes, highlighting lack of remorse and risk of reoffending.

“There is a risk that this man will be in a position to do something very bad in the future,” the judge said

U.S. prosecutors are seeking 40 to 50 years in prison for Bankman-Fried.

There have been no changes since the ex-mogul’s conviction as lawmakers fail to pass regulations to protect the public

Judge orders disgraced crypto mogul to forfeit $11bn in assets and says he showed no remorse for his crimes

Explore the timeline leading to FTX founder Sam Bankman-Fried's conviction for financial fraud and insider trading, highlighting the importance of transpar...