Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laundering during his trial. 'When not lying, he was evasive, hair splitting, trying to get the prosecutors to rephrase questions for him,' Kaplan said on Thursday, according to Inner City Press. 'I've been doing this job for close for 30 years. I've never seen a performance like that.' Earlier this month, U.S. prosecutors from the Department of Justice called for a 'necessary' 40 to 50-year sentence for him. 'The sheer scale of Bankman-Fried's fraud calls for severe punishment,' the notice stated. 'The amount of loss'at least $10 billion'makes this one of the largest financial frauds of all time.' On Thursday, Kaplan said that range 'would be more than necessary.' In late February,...
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