The founder of FTX exchange and Alameda Research, Sam Bankman-Fried, has been sentenced to 25 years in prison with a three-year supervised release.
However, some crypto enthusiasts have expressed their displeasure as they compare the outcome with that of the Silk Road founder.
The founder of FTX exchange, Sam Bankman-Fried (SBF), has officially been sentenced to 25 years in prison by U.S. District Judge Lewis A. Kaplan after being convicted of fraud and conspiracy in November 2023. According to the US Justice Department, SBF has also been subjected to a three-year supervised release and ordered to pay $11 billion in forfeiture for his involvement in multiple fraudulent schemes.
Interestingly, his sentence appears to be less than a quarter of the 105 years proposed by the court’s probation officer and about half of the 40 to 50 years recommended by Assistant U.S. Attorney Nicolas Roos. However, this is about four times the six and a half years of prison time SBF was pushing for as
Nigeria’s central bank not discouraging people from trading crypto, says governor
The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if…