Sam Bankman-Fried sentenced to 25 years

[tsptalk]

FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud, pay $11 billion in forfeiture

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for the securities fraud conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research.

Bankman-Fried also was ordered to pay $11 billion in forfeiture at the sentencing in Manhattan federal court.

“There is a risk that this man will be in position to do something very bad in the future,” Judge Lewis Kaplan said.

FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud

 

[Bullitt]

It's a bad deal that the victims will be refunded based on crypto prices in November 2022. BTC is up 340% since then.