Fitepedia

Sam Bankman-Fried has been sentenced to 25 years in prison.

The sentencing comes about five months after the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research was found guilty on all seven counts related to fraud and money laundering during his trial.

His possible total sentence for the seven counts – two fraud charges and five conspiracy charges – was a maximum of 110 years.

Read more from Jacquelyn Melinek here: https://tcrn.ch/3vlytC5

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