Sam Bankman-Fried sentenced to 25 years for FTX fraud

Digital photo collage of Sam Bankman Fried with handcuffs behind him. FTX founder Sam Bankman-Fried once bragged that he had a 5 percent chance of becoming president of the United States | Collage by Cath Virginia / The Verge | Photo by Victor J. Blue, Bloomberg, Getty Images

FTX co-founder Sam Bankman-Fried was sentenced to a total of 300 months, or 25 years, in prison for seven counts of conspiracy and fraud charges stemming from the collapse of the crypto exchange he started. The judge applied a 240-month sentence and a 60-month sentence to be served consecutively.

Judge Lewis Kaplan’s sentence was shorter than the 40 to 50 years reque...

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