Samuel Bankman-Fried to serve 25 years for misleading investors

The founder of cryptocurrency firm FTX is set to serve twenty-five years behind bars after misleading customers and investors.

Sam Bankman-Fried (SBF) would oversee one of the biggest financial investment collapses in American history and would set a grim watershed for digital currency.

Samuel Bankman-Fried, FTX founder jailed

U.S. District Judge Lewis Kaplan would ignore the pleas of SBF who said that investors did not lose money in the collapse of the currency.

Judge Kaplan laid down a sentence of twenty-five years to the founder of FTX and Alameda Research.

 » …