Cryptocurrency

SBF is going to prison, but the fight over money at FTX drags on

Crypto exchange’s collapse is still a source of anger and frustration for many onetime customers, more than a year later

FTX founder Sam Bankman-Fried was sentenced last month to 25 years in prison
FTX founder Sam Bankman-Fried was sentenced last month to 25 years in prison Photo: Michael M. Santiago/Getty Images)

Wayne Perdew caught the crypto bug in 2022.

The farmer in Pierce, Colorado, plowed about $60,000 into cryptocurrencies after a divorce led him to sell his house. He bought bitcoin, ether and other digital currencies on FTX, attracted to the crypto exchange by a run of sports-sponsorship deals, including one that emblazoned FTX’s logo on a Miami sports arena.

WSJ Logo