Cryptocurrency

FTX founder Sam Bankman-Fried sentenced to 25 years

‘I was responsible for FTX, and its collapse is on me,’ crypto exchange founder told court

FTX founder Sam Bankman-Fried sentenced to 25 years
Photo: Yuki Iwamura/Getty Images

FTX founder Sam Bankman-Fried was sentenced on 28 March to 25 years in prison for fraud tied to the collapse of his digital exchange, capping his meteoric rise and fall.

Less than two years ago, Bankman-Fried was the crypto king. The moptop millennial hobnobbed with heads of state, soaked up Caribbean views from his $30m penthouse and vowed to use his wealth to better humanity.

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