Sixteen months after the collapse of his FTX cryptocurrency exchange, Sam Bankman-Fried has been sentenced to 25 years in prison. He has also been ordered to pay an $11 billion monetary judgment.The sentence follows his conviction on all seven felony charges in November 2022 — a decision reached by the jury within hours of beginning their deliberations.Bankman-Fried intends to appeal the conviction.
Meanwhile the people he stole from are unlikely to ever see any of their money again let alone half of it.