Other
Minute Entry
Primary Source ↗Incident Details
Sixteen months after the collapse of his FTX cryptocurrency exchange, Sam Bankman-Fried has been sentenced to 25 years in prison. He has also been ordered to pay an $11 billion monetary judgment.The sentence follows his conviction on all seven felony charges in November 2022 — a decision reached by the jury within hours of beginning their deliberations.Bankman-Fried intends to appeal the conviction.
Technical Details
- Initial Attack Vector
- Regulatory / legal action
- Vendor / Product
- Sam Bankman-Fried
Timeline
- 2024-03-28 Breach occurred
- 2024-03-28 Publicly disclosed