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Sam Bankman-Fried Sentenced to 25 Years in Prison
Sam Bankman-Fried‚ the former cryptocurrency mogul who was convicted of fraud‚ was sentenced to 25 years in prison on Thursday‚ capping an extraordinary saga that upended the multi-trillion-dollar crypto industry and became a cautionary tale of greed and hubris.
Mr. Bankman-Fried’s sentence was shorter than the 40 to 50 years that federal prosecutors had recommended‚ but above the six-and-a-half-year sentence requested by the defense lawyers. A federal probation officer had recommended 100...