Crypto entrepreneur Sam Bankman-Fried sentenced to 25 years in prison

[Augusta]

Sam Bankman-Fried, the crypto entrepreneur has been sentenced to 25 years in prison . he was convicted of stealing billions of dollars from his FTX customers.

Sam Bankman-Fried was the chief executive of FTX that went bankrupt in November 2022. This act left millions of users unable to access their accounts or make any withdrawals.

Sam Bankman-Fried is a 32-year-old American Prosecutors are of the view that he should be jailed for 40 to 50 years, as a harsh punishment to help deter other criminals.

 

[Stardom22]

I hope the judgement was so fair enough that many of the other criminals would be intimidated when thinking of the same that he did.

 

[eLdavis]

These customers decided to open an account under his platform out of trust, but this is the path he chooses to take. What about the people, was their money refunded back to them?

 

[Augusta]

I hope the judgement was so fair enough that many of the other criminals would be intimidated when thinking of the same that he did.

That was the whole essence it was to help deter other criminals to steer clear of such activities. It was a fair judgement