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Sam Bankman-Fried sentenced to 25 years in prison for his FTX crimes

Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried was sentenced on Thursday to 25 years in prison after being found guilty of fraud last year. Michael M. Santiago/Getty Images hide caption

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Sam Bankman-Fried sentenced to 25 years in prison for his FTX crimes

The sentence marks a stunning fall for the 32-year-old former crypto executive who was once seen as the future of finance.

Sam Bankman-Fried sentenced to 25 years in prison for his FTX crimes

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After a brutal stretch, a remarkable thing is happening: Cryptocurrencies are surging

A bitcoin ATM is seen in Brooklyn, N.Y., on June 13, 2022. Virtual currencies like bitcoin are recovering from a tough period partly on rising hopes that bad actors have been weeded out and that confidence can return to the sector. Michael M. Santiago/Getty Images hide caption

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After a brutal stretch, a remarkable thing is happening: Cryptocurrencies are surging

Bitcoin and other digital currencies are rallying, emerging from a stormy period with the conviction that crypto is here to stay.

After a brutal stretch, a remarkable thing is happening: Cryptocurrencies are surging

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He lost $200,000 when FTX imploded last year. He's still waiting to get it back

A jury took less than five hours to convict former FTX CEO Sam Bankman-Fried of fraud and money laundering. Michael M. Santiago/Getty Images hide caption

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He lost $200,000 when FTX imploded last year. He's still waiting to get it back

The crypto mogul Sam Bankman-Fried has been tried and convicted of orchestrating one of the largest financial frauds in history, but little has changed for people who lost billions when FTX collapsed.

He lost $200,000 when FTX imploded last year. He's still waiting to get it back

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Sam Bankman-Fried took a big risk by testifying in his own trial. It did not go well

FTX founder Sam Bankman-Fried arrives at the U.S. federal courthouse in New York City to submit his not guilty plea on March 30, 2023. Bankman-Fried faced this week tough questioning from prosecutors who sought to paint him as the mastermind behind a massive fraud at FTX. Ed Jones/AFP via Getty Images hide caption

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Ed Jones/AFP via Getty Images

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Sam Bankman-Fried took a big risk by testifying in his own trial. It did not go well

The former FTX CEO was keen to convince jurors he did not intend to commit any crimes — but he stumbled frequently under withering questioning by the prosecution.

Criminal mastermind or hapless dude? A look into Sam Bankman-Fried's trial so far

FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on Dec. 22, 2022. Bankman-Fried's trial just concluded its second week, with explosive testimony from former girlfriend Caroline Ellison. Ed Jones/AFP via Getty Images hide caption

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Criminal mastermind or hapless dude? A look into Sam Bankman-Fried's trial so far

The trial of the former FTX CEO concluded its second week, featuring explosive testimony from Caroline Ellison, a former girlfriend of Bankman-Fried.

Criminal mastermind or hapless dude? A look into Sam Bankman-Fried's trial so far

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She's the star witness against Sam Bankman-Fried. Her testimony was explosive

Caroline Ellison leaves federal court in Manhattan after testifying during the trial of former FTX CEO Sam Bankman-Fried on Oct. 10. Ellison said Bankman-Fried was the main decision-maker and steered her to transfer funds from cryptocurrency exchange FTX to Alameda Research, a financial firm she headed. Michael M. Santiago/Getty Images hide caption

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She's the star witness against Sam Bankman-Fried. Her testimony was explosive

Caroline Ellison accused Bankman-Fried of being the mastermind behind illegal activity at FTX. Her words carry weight: She worked with him and also once dated him.

It's not just FTX's Sam Bankman-Fried. His parents also face legal trouble

Sam Bankman-Fried's parents face legal trouble of their own as FTX looks to claw back millions of dollars in compensation and benefits from the couple. Michael M. Santiago/Getty Images; Drew Angerer/Getty Images; David Dee Delgado/Getty Images hide caption

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Michael M. Santiago/Getty Images; Drew Angerer/Getty Images; David Dee Delgado/Getty Images

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It's not just FTX's Sam Bankman-Fried. His parents also face legal trouble

FTX's lawyers allege Sam Bankman-Fried's mom and dad helped shape their son's crypto empire and received millions of dollars worth of gifts and benefits from the now-bankrupt company.

It's not just FTX's Sam Bankman-Fried. His parents also face legal trouble

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