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'Crypto King' now faces 25 years in prison for Rs 66,000 Cr fraud
short by Akash Tiwari / on Friday, 29 March, 2024
Sam Bankman-Fried, previously known as the 'Crypto King' and the founder of the FTX cryptocurrency exchange, has been convicted and sentenced to 25 years in prison. He has been charged for embezzling $8 billion (Rs 66,000 crore) from users of his now defunct platform, which ultimately led to its bankruptcy.
read more at IndiaTimes