Sam Bankman-Fried sentenced to 25 years in prison

Judge Lewis Kaplan found that the former FTX CEO also committed witness tampering and perjury based on his testimony at trial over user funds.

Former FTX CEO Sam “SBF” Bankman-Fried will serve 25 years in prison following a sentencing hearing in federal court.

On March 28, Judge Lewis Kaplan of United States District Court for the Southern District of New York sentenced Bankman-Fried to 240 months and 60 months for a total of 25 years for his conviction on seven felony charges. SBF was the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022. 

Judge Kaplan found that SBF also committed witness tampering based on the events that led him to revoke bail in August 2023 and perjury based on his testimony at trial over FTX user funds. He acknowledged Bankman-Fried’s “social awkwardness” but said, based on former Alameda Research CEO Caroline Ellison’s testimony, SBF knew he was at fault but was “not going to admit a thing.”

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