{"id":28361,"date":"2024-03-28T17:04:13","date_gmt":"2024-03-28T17:04:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bankman-fried-sentenced-to-25-years-in-prison\/"},"modified":"2024-03-28T17:04:13","modified_gmt":"2024-03-28T17:04:13","slug":"bankman-fried-sentenced-to-25-years-in-prison","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bankman-fried-sentenced-to-25-years-in-prison\/","title":{"rendered":"Bankman-Fried sentenced to 25 years in prison"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/prison-us-flag-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/prison-us-flag-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/prison-us-flag-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/prison-us-flag-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Sam Bankman-Fried has been sentenced to 25 years in prison.\u00a0<\/span><\/li>\n<li>FTX imploded in November 2022, with customers losing billions of dollars in assets.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Sam Bankman-Fried, the founder and former CEO of collapsed crypto exchange <a href=\"https:\/\/coinjournal.net\/news\/tag\/ftx\/\">FTX<\/a>, has been sentenced to 25 years in prison.\u00a0<\/span><\/p>\n<p>FTX imploded and f<a href=\"https:\/\/coinjournal.net\/news\/this-week-in-crypto-ftx-files-for-chapter-11-bankruptcy\/\">iled for bankruptcy<\/a> in November 2022. Sam Bankman-Fried has been in jail awaiting sentence since being found guilty of fraud last year.<\/p>\n<h2><span style=\"font-weight: 400\">SBF gets 25 years in prison for fraud<\/span><\/h2>\n<p><span style=\"font-weight: 400\">US District Judge Lewis Kaplan sent Bankman-Fried to prison for less than what prosecutors had asked for. However, the sentencing has delivered a timely reminder to crypto bosses after the FTX demise reverberated across the industry in 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The sentencing on Thursday marks the end of one of the biggest fraud related cases in the world, with 32-year old Bankman-Fried at the center. He was also ordered to forfeit more than $11 billion in property.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING\u203c\ufe0f Disgraced FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison<\/p>\n<p>+Ordered forfeit more than $11 billion <a href=\"https:\/\/t.co\/JwOtDYODFg\">pic.twitter.com\/JwOtDYODFg<\/a><\/p>\n<p>\u2014 Bitcoin Archive (@BTC_Archive) <a href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1773383448524194041?ref_src=twsrc%5Etfw\">March 28, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">The former FTX chief apologized for his actions in brief remarks before the judge\u2019s sentence. However, his claim that FTX customers will be made whole did not sit well with the judge.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c<em>The defendant\u2019s assertion that FTX customers and creditors will be paid in full is misleading, it is logically flawed, it is speculative,<\/em>\u201d Judge Kaplan noted. <\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bankman-fried-sentenced-to-25-years-in-prison\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Sam Bankman-Fried has been sentenced to 25 years in prison.\u00a0 FTX imploded in November 2022, with customers losing billions of dollars in assets. Sam Bankman-Fried, the founder and former CEO of collapsed crypto exchange FTX, has been sentenced to 25 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28361"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28361"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28362"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}