SBF Sentenced to 25 Years in Prison. 

Sam Bankman-Fried was sentenced to 25 years in prison, capping a swift fall from grace after being found guilty of fraud and money laundering charges.  Federal prosecutors had been aiming for a much higher sentence, arguing that the nature of his crimes meant that he should spend most of the rest of his life behind bars.  According to a report by the New York Times, SBF will also have to forfeit $11.4 billion in assets and will most likely be sent to a low or medium-security prison near his parent’s home in San Francisco. According to a report by the AP, SBF will not serve his sentence in a maximum security prison due to his autism, and his public persona would make him a target in prison. Despite the collapse of FTX and the downfall of SBF, I still believe that the Cryptocurrency industry has a long way to go to establish any form of trust that people’s investments can be handled securely.