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Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

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Sam Bankman-Fried leaves Manhattan federal court in New York on Feb. 16, 2023. Bankman-Fried's lawyers are seeking leniency next month at the FTX founder's sentencing for cryptocurrency crimes. The lawyers filed presentence arguments late Monday, Feb. 26, 2024, in Manhattan federal court. (AP Photo/Seth Wenig, File)

SBF also ordered to forfeit over $11 billion. Judge will advise the Federal Bureau of Prisons to send him to a medium-security prison or less near the San Francisco area.


Originally published at The Associated Press
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