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Sam Bankman-Fried was sentenced to spend 25 years behind bars — a punishment some say could have been less if the FTX founder showed greater remorse.
The former leader of bankrupt crypto exchange FTX faced a maximum 110-year sentence after being found guilty in November of wire fraud and half a dozen other charges.
Judge Lewis Kaplan’s sentence on Thursday was between the defense’s requested 6.5 years and the government’s proposed 40 to 50 years.
Bankman-Fried was also ordered to pay a $11 billion forfeiture. His defense team said they would seek to appeal the decision.
Mark Cohen, Bankman-Fried’s counsel, had said in November the FTX founder “maintains his innocence…
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