Sam Bankman-Fried Sentenced to 25 Years for Orchestrating FTX Fraud

Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, has been sentenced to 25 years in prison for orchestrating a major fraud scheme. His conviction signals the escalating scrutiny of cryptocurrency exchanges following FTX’s catastrophic collapse. John J. Ray III assumed leadership after FTX’s implosion, navigating the complex bankruptcy proceedings and addressing market instability. The resulting fallout includes increased regulatory focus, heightened asset volatility, and calls for stricter measures to ensure transparency and investor protection.