Sam Bankman-Fried gets 25 years. What happens now?
Will the former FTX CEO actually be in federal prison until he's 57 years old? Will anything change in regards to FTX users getting their funds?
A federal judge sentenced former FTX CEO Sam “SBF” Bankman-Fried to 25 years behind bars for his multiple felony convictions, eliciting mixed reactions from many in and out of the crypto space.
On March 28, Judge Lewis Kaplan had some harsh words for Bankman-Fried before and after announcing consecutive sentences of 240 months and 60 months, totaling 25 years in prison. The judge compared SBF to a “thief,” said his attempts to promote regulation of crypto was “an act,” found he committed perjury and was “willing to flip a coin as to the continued existence of life on earth.”
The former FTX CEO has been held at the Metropolitan Detention Center in Brooklyn since August 2023, when Judge Kaplan revoked his bail for intimidating witnesses in the criminal case. A March 28 docket entry for U.S. District Court for the Southern District of New York suggested the judge would deduct time already spent in jail, meaning SBF would have a maximum of 291 months in prison — ending in 2048.
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