Disgraced crypto king, Sam Bankman-Fried, has been sentenced to 25 years in prison for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded.
U.S. District Judge Lewis Kaplan handed down the sentence on Thursday, March 28, at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.
"He...