Chelsea Jia Feng/BI
- Sam Bankman-Fried has been sentenced to 25 years in prison.
- A jury convicted him of seven criminal counts, finding him guilty of fraud and money laundering.
- Bankman-Fried expressed regret at the hearing — but still tried to shift blame.
Sam Bankman-Fried, the disgraced cryptocurrency mogul, has finally learned his fate.
US District Judge Lewis Kaplan sentenced Bankman-Fried Thursday to 25 years in prison.
The judge also ordered over $11 billion in forfeiture, which includes the properties and assets Bankman-Fried purchased through customer funds. The payments to victims, Kaplan said, should be handled through the Justice Department.
In his sentencing, Kaplan described Bankman-Fried as ambitious and deceitful, willing to gamble with his customers' livelihoods.