- Sam Bankman-Fried catapulted into a crypto billionaire. Now, his empire is in ruins, and he’s been sentenced to prison.
- On Thursday, he was sentenced to 25 years in prison after being convicted in November on seven criminal counts.
- Here’s the story of his rise and fall from grace.
A few years ago, Sam Bankman-Fried was a 30-year-old with a mop of brown hair and enough clout to go by his initials, SBF. He had a cryptocurrency exchange called FTX, a trading firm called Alameda Research, and $15.6 billion to his name, according to estimates from Bloomberg.
He had catapulted into one of the biggest names in crypto in the span of a few years and was setting his sights on mainstream finance.
Now, he’s been sentenced to prison.
A federal judge on Thursday sentenced the disgraced FTX founder to 25 years in prison, following his conviction in November on seven counts of fraud and conspiracy.
Here’s how SBF went from crypto’s poster child to its greatest cautionary tale:
