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Crypto sector: Ex-FTX CEO gets 25 years in prison

30/03/2024
Categories: Compliance

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The former CEO of the FTX cryptocurrency exchange platform, Sam Bankman-Fried, is sentenced to 25 years in prison.

FTX went bankrupt in November 2022 following a fraudulent use of customer funds. The sentence of the former CEO of the platform is explained by the severity of the accusations and also the state of mind of the American justice system, which sent a message to the entire crypto sector. In particular, Sam Bankman-Fried was convicted of seven counts during his trial in November

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