Court Sentences Sam Bankman-Fried to 25 Years in Prison
The former CEO of FTX, Sam “SBF” Bankman-Fried, has been sentenced to 25 years in federal prison following a hearing in federal court.
On March 28, Judge Lewis Kaplan of the United States District Court for the Southern District of New York issued a sentence of 240 months and an additional 60 months, totalling 25 years, for Bankman-Fried’s conviction on seven felony charges.
He is the first person associated with FTX and Alameda Research to receive prison time following the collapse of the exchange in November 2022.
Judge Kaplan also found SBF guilty of witness tampering and perjury, based on events that led to his bail being revoked in August 2023 and his testimony at trial regarding FTX user funds.
While acknowledging Bankman-Fried’s “social awkwardness,” the judge stated that, based on former Alameda Research CEO Caroline Ellison’s testimony, SBF was aware of his wrongdoing but refused to admit fault.
