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Sam Bankman-Fried is sentenced to 25 years — but now what?

There’s little legal wiggle room for Bankman-Fried and while he may present specific arguments, the odds of them succeeding are pretty low.

FTX-funded charity Effective Ventures to shut down in the UK

The FTX-linked charity Effective Ventures, which previously returned $26.8 million in donations to FTX, will reportedly shut down by 2025.

Bankman-Fried’s sentence comes after he was found guilty of wire fraud, conspiracy to commit fraud, and money laundering conspiracy.

Prosecutors have asked for a sentence of 40 to 50 years but attorneys working for Bankman-Fried have called such a timespan excessive.

FTX CEO John J. Ray III has detailed the misrepresentations made by Sam Bankman-Fried’s team in a letter that accuses him of “delusion.”