Bankman-Fried Gets 25 Years For 'Very Bad Bet' Of FTX Fraud
By Rachel Scharf and Pete Brush
FTX founder Sam Bankman-Fried was sentenced Thursday to 25 years in prison for stealing more than $11 billion from customers, investors and lenders of his now-collapsed cryptocurrency empire, with a Manhattan federal judge saying the infamous risk-taker "made a very bad bet about the likelihood of getting caught."