Ex-'Crypto King' Sam Bankman-Fried gets 25 years in jail for massive fraud

Disgraced former cryptocurrency mogul Sam Bankman-Fried is going to be spending the next quarter of a century behind bars.

Matthew Russell Lee of Inner City Press reports that Judge Lewis Kaplan on Thursday hit Bankman-Fried with a 300-month prison sentence for allegedly defrauding investors in his FTX cryptocurrency exchange, which collapsed in 2022.

During the sentencing hearing, Judge Kaplan repeatedly scolded Bankman-Fried for serial dishonesty throughout his trial.

"When not lying...