Once the poster child for responsibility in the cryptocurrency sector, Sam Bankman-Fried was sentenced to 25 years in jail on Thursday (March 28, 2024) following his conviction in November in what prosecutors called one of the biggest financial fraud cases in history.
Under Bankman-Fried, prominent branding efforts, endorsements by celebrities and generous acts of philanthropy helped FTX, and cryptocurrencies in general, gain an image of reputability with much of the public prior to the collapse of his exchange in 2022.
[
add
]
[
|
|
...
]