Sam Bankman-Fried from FTX ($FTT (-0,91 %) ), was sentenced to 25 years years in prison after he defrauded FTX customers of a total of 8 billion
US dollars clients. Bankman-Fried was found guilty of secretly investing FTX client money in a hedge fund that "failed" and resulted in a billion dollar loss for FTX.

The judge pointed out that Bankman-Fried knew that his actions were wrong and criminal and lied during his trial testimony. lied during his trial testimony.

The public prosecutor's office had imposed a sentence of 40 to 50 years demanded.