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25-Year Prison Sentence for FTX Founder Sam Bankman-Fried

Author: Zameer Attar
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Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

     Mar 28, 2024 21:20

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    A federal judge decided on Thursday that Sam Bankman-Fried must serve 20 years in jail for the fraud and conspiracy that finally brought down his once-dominant cryptocurrency exchange, FTX, according to Reuters. A year after FTX filed for Chapter 11 bankruptcy, in November, Bankman-Fried was found guilty on seven criminal counts. Judge Lewis Kaplan made his decision known during a hearing in a Manhattan courthouse. Expected to challenge his conviction, the former CEO of FTX could not file an appeal until after Kaplan’s sentencing ruling.

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