FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and an associated hedge fund. The sentence in federal court in Manhattan was well below the 40 to 50 years in prison that federal prosecutors had sought for Bankman-Fried and well…