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Sam Bankman-Fried sentenced to 25 years in federal prison

New York (CNN) — Sam Bankman-Fried has been sentenced to 25 years in federal prison for defrauding customers and investors in his failed crypto exchange FTX, a Manhattan court ruled Thursday.

Posted 2024-03-28T10:01:15+00:00 - Updated 2024-03-28T15:48:26+00:00

Sam Bankman-Fried is pictured outside Manhattan federal court in New York last year. (Eduardo Munoz/Reuters via CNN Newsource)

Lauren del Valle

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Allison Morrow, CNN

New York (CNN) — Sam Bankman-Fried has been sentenced to 25 years in federal prison for defrauding customers and investors in his failed crypto exchange FTX, a Manhattan court ruled Thursday.

This story is developing and will be updated.