Tag: Financial Collapse
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Crypto Entrepreneur Sam Bankman-Fried Sentenced to 25 Years in Prison
Unraveling of FTX and Legal Proceedings In a dramatic turn of events, Sam Bankman-Fried, a prominent figure in the cryptocurrency world, has been sentenced to 25 years in prison for orchestrating a massive fraud that led to the collapse of FTX, a once-popular platform for digital currency exchange. The sentencing, delivered by U.S. District Judge…