Disgraced Crypto King Sam Bankman-Fried gets 25 years for fraud

Thug known as ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud
The FTX founder was convicted in November of all seven criminal counts against him.
Just two years ago, Bankman-Fried was revered as a titan in the crypto industry.Prosecutors sought a 40- to 50-year sentence for the disgraced crypto king. Bankman-Fried’s defense team will appeal the conviction and sentencing.
Kaplan said Bankman-Fried had shown no remorse.
“He knew it was wrong,” Kaplan said of Bankman-Fried before handing down the sentence. “He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right.”

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