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Judge Tears Into Sam Bankman-Fried, Hits Him with Massive Prison Sentence

Sam Bankman-Fried, colloquially known by his initials SBF, characterized by a Manhattan judge as a power-driven fraudster lacking remorse, received a 25-year prison term on Thursday for embezzling over $8 billion from FTX customers, his defunct cryptocurrency exchange.

Judge Lewis Kaplan tore into the 32-year-old MIT graduate for masquerading as a proponent of cryptocurrency regulation, which he suggested was just a facade aimed at amplifying his political influence, the New York Post reported.

Judge Kaplan said of SBF that he is a “remorseless” convicted fraudster who put on an “act’ in which he “presented himself as the good guy” all in favor of “appropriate regulation of the crypto industry.”

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