As of: March 28, 2024, 5:03 p.m
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Sam Bankman-Fried is the founder of the cryptocurrency exchange FTX. Here last summer leaving the federal courthouse in Manhattan. © Bebeto Matthews/AP/dpa
From the crypto king to prison: According to media reports, Sam Bankman-Fried is to be sentenced to 25 years in prison.
New York - Former cryptocurrency entrepreneur Sam Bankman-Fried, convicted of fraud, will be sentenced to 25 years in prison. The responsible New York judge announced his decision on Thursday, as US media reported from the courtroom. Lawyers for the 32-year-old founder of the digital money exchange FTX have been considering an appeal since his conviction in November. dpa