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Fallen 'crypto king' sentenced to 25 years in jail

News Team, 02/04/2024

Sam Bankman-Fried, the co-founder of failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of the now-bankrupt firm.

The ruling confirms Mr Bankman-Fried's downfall. At one point, he was a former billionaire, celebrated as a high profile champion of crypto, before his firm's collapse in 2022.

He was found to have stolen b...


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