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Crypto kingpin Sam Bankman-Fried jailed for 25 years over historic $10bn FTX fraud as he admits ‘my useful...

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World’s richest Bitcoin investor joins rich-list as fortune jumps by $2B

CRYPTO tycoon Sam Bankman-Fried has been sentenced to 25 years in prison for one of the biggest financial frauds in history.A jury in New York found him guilty of lying to investors, and lenders and of seven counts of fraud and money laundering.He said the 32-year-old lied when he claimed he was not aware of customer funds being used this way.

His conviction follows a dramatic fall from grace from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David.

 

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'Crypto king' Sam Bankman-Fried sentenced over £6,350,000,000 fraudThe former billionaire is appearing in New York on Thursday after his cryptocurrency exchange company, FTX, went bust in 2022 with $8billion of customer funds missing.
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