Sam Bankman-Fried a.k.a SBF, the founder and former CEO of defunct crypto exchange FTX, has received a sentence of 300 months or 25 years in total, with 240 months initially and an additional 60 months consecutively.
The sentencing hearing unfolded on the 26th story of the federal courthouse in downtown Manhattan, where just months prior, a jury unanimously convicted the former crypto executive on all seven criminal charges.
Pre-Sentencing Statements
Prior to the sentencing, Judge Lewis. A. Kaplan found Bankman-Fried guilty of perjury during his trial testimony, stating that the disgraced former crypto mogul falsely claimed ignorance of Alameda’s use of FTX customer deposits before 2022.
The judge also concluded that Bankman-Fried engaged in witness tampering by communicating with the former FTX general counsel before being remanded into custody. Judge Kaplan rejected the defense’s argument concerning loss, both legally and factually. He dismissed the defense’s assertion that cus
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