Judge Lewis Kaplan of the United States District Court for the Southern District of New York sentenced Sam “SBF” Bankman-Fried to a total of 25 years in prison following his conviction on seven felony charges.
SBF became the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.SBF is the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.
Gary Wang, Caroline Ellison, Nishad Singh and Ryan Salame — four other individuals associated with FTX and Alameda charged in the same case as SBF — pleaded guilty and accepted deals. The country’s Securities and Exchange Commission said it received the assistance of the National Telecommunication Commission to block access to Binance’s website and online trading platform.
According to the CNPD, the decision was made to protect the rights of its citizens, particularly minors. The measure will take effect immediately and until the conclusion of an investigation.
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