Bankman-Fried sentencing established 'poster child' for crypto fraud

#ftx #sbf #sambankmanfried #crypto #crypto #yahoofinance A federal judge has sentenced former FTX CEO Sam Bankman-Fried to 25 years for defrauding the crypto exchange's (FTT-USD) investors and customer base. Bankman-Fried has been ordered to forfeit $11 billion to compensate the victims. CoinDesk Managing Editor Nik De sits down with Yahoo Finance Live in-studio to discuss Bankman-Fried's sentencing, how much time the disgraced FTX co-founder will likely be made to serve in prison, and other details from Thursday's ruling. "From the beginning, it felt like prosecutors were making this... almost a poster child of what they can bring to bear against alleged criminal activity in crypto, at least as far as running exchanges go," De comments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Luke Carberry Mogan. Yahoo Finance: Market Coverage, Stocks, & Business News About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: twitter.com/YahooFinance Instagram: www.instagram.com/yahoofinance/?hl=en TikTok: www.tiktok.com/@yahoofinance?lang=en Facebook: www.facebook.com/yahoofinance/ LinkedIn: www.linkedin.com/company/yahoo-finance

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