Fallen crypto tycoon gets 25 years

By Agence France-Presse

Mar 30, 2024 12:15 am

NEW YORK: Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday — a stunning descent for a figure who seemed poised to lead an emerging sector less than two years ago.

US District Judge Lewis Kaplan said the defendant, who became known by his initials 'SBF,' had shown no 'real remorse,' even in his final pre-sentencing remarks in which the former billionaire rued 'a series of bad decisions' but did not acknowledge knowingly violating financial laws.

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