Sam Bankman-Fried was sentenced to 25 years in prison for orchestrating a fraud scheme involving FTX, a cryptocurrency exchange.


– The prosecution argued that Bankman-Fried caused billions of dollars in losses and showed no remorse.

– The defense argued that Bankman-Fried was a young entrepreneur who made mistakes but never intended to defraud anyone.

– Bankman-Fried is said to have used FTX customer funds to fund risky investments for his hedge fund, Alameda Research.

The collapse of FTX has had a devastating impact on the cryptocurrency industry.