bbc-news 2 weeks ago
public broadcaster #Economy and Crypto

Crypto King Sam Bankman-Fried jailed for 25 years

Sam Bankman-Fried - also known as SBF - has been sentenced to 25 years in prison for stealing billions of dollars from customers of his cryptocurrency exchange FTX.

The former billionaire CEO faces decades in prison for fraud and conspiracy charges stemming from his role in the collapse of FTX.

Prosecutors say Bankman-Fried took more than $10bn (£7.9bn) from unsuspecting customers in "one of the biggest financial frauds" in US history.

BBC News
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