Crypto platform FTX's founder and former billionaire Sam Bankman-fried has been sentenced to 25 years in jail. Last November, he was found guilty of stealing 8 billion dollars from FTX customers and using the funds for personal use.

Sam Bankman-fried guilty on seven counts of fraud and conspiracy

The former CEO of the defunct cryptocurrency exchange FTX - Sam Bankman-Fried - apologised in a rambling statement to the court, saying his decisions "haunt" him every day.

Sam Bankman-Fried sentenced to 25 years in prison in multi-billion dollar FTX fraud

Prosecutors want fallen crypto billionaire Sam Bankman-Fried to spend between 40 and 50 years in prison. Prosecutors pointed to his privileged upbringing and elite education as reasons for a harsh sentence. Federal prosecutors said that Bankman-fried refuses to admit what he did was wrong.

Prosecutors seek 40-50 year jail term for Sam Bankman-Fried

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