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Breaking News: Fallen crypto titan Sam Bankman-Fried sentenced to 25 years

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Fallen crypto titan Sam Bankman-Fried sentenced to 25 years

03/28/2024 11:59 AM EDT

A federal judge on Thursday sentenced Sam Bankman-Fried to 25 years in prison for his leading role in one of the biggest financial scandals in American history, capping the stunning fall of the former cryptocurrency magnate and one-time Washington megadonor.

Judge Lewis Kaplan of the Southern District of New York handed down the sentence almost five months after a jury found Bankman-Fried, 32, guilty of orchestrating a massive fraud centered on his crypto empire. Bankman-Fried faced a maximum 110 years in prison.

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