The post Breaking News: Sam Bankman-Fried Sentenced to 25 Years Over FTX Bankruptcy appeared first on Coinpedia Fintech News
Nearly two years since the FTX cryptocurrency exchange filed for Chapter 11 bankruptcy protection in the United States, the world will finally get to know the punishment that former CEO Sam Bankman-Fried gets today, Thursday, March 28. During the mid-morning New York session, Judge Lewis Kaplan received 1,500 documents, out of which the defense submitted 450.
Throughout his testimony, SBF demonstrated remorse for the suffering caused to the FTX victims including financial stress and emotional pain. However, SBF maintained that the FTX customers could have been paid back as there were enough assets.
“I know a lot of people feel really let down. They all built something really beautiful, they threw themselves into it and then I threw it all away. It haunts me every day,” SBF told Judge Kaplan today.
Judge Kaplan’s Note on the Case
As the presidin
We współpracy z: https://coinpedia.org/news/breaking-news-sam-bankman-fried-sentenced-to-25-years-over-ftx-bankruptcy/
