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Tuesday, April 16, 2024

Sam Bankman-Fried Sentenced to 25 Years in Jail


Sam Bankman-Fried, the Founding father of the collapsed
cryptocurrency change FTX, was sentenced to 25 years in jail by Choose Lewis
A. Kaplan on Thursday. Bankman-Fried was discovered responsible on a number of counts of
wire fraud and conspiracy that led to the collapse of the crypto change,
inflicting thousands and thousands of losses to traders.

The authorized tussle reached its climax with the latest
sentencing, the place prosecutors sought a staggering 40 to 50 years behind bars
for the disgraced crypto king. Regardless of the cruel verdict, Bankman-Fried’s
protection staff stays undeterred, vowing to attraction each the conviction and the
sentencing.

Count on ongoing updates as this story evolves.

Sam Bankman-Fried, the Founding father of the collapsed
cryptocurrency change FTX, was sentenced to 25 years in jail by Choose Lewis
A. Kaplan on Thursday. Bankman-Fried was discovered responsible on a number of counts of
wire fraud and conspiracy that led to the collapse of the crypto change,
inflicting thousands and thousands of losses to traders.

The authorized tussle reached its climax with the latest
sentencing, the place prosecutors sought a staggering 40 to 50 years behind bars
for the disgraced crypto king. Regardless of the cruel verdict, Bankman-Fried’s
protection staff stays undeterred, vowing to attraction each the conviction and the
sentencing.

Count on ongoing updates as this story evolves.

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