April 20, 2024

AndronETalksNews

AndronETalksNews

Sam Bankman-Fried: Disgraced ‘crypto king’ jailed for 25 years after stealing billions of dollars from FTX customers

Sky News

By Connor Sephton and Niamh Lynch, news reporters

Thursday 28 March 2024 19:14, UK

Disgraced crypto entrepreneur Sam Bankman-Fried has been sentenced to 25 years in prison after being convicted of stealing billions of dollars from his customers.

He was the chief executive of FTX, which suddenly went bankrupt in November 2022 – leaving millions of users frozen out of their accounts and unable to make withdrawals.

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