Other

Minute Entry

2024-03-28 [vendor] Sam Bankman-Fried
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

  1. 2024-03-28 Breach occurred
  2. 2024-03-28 Publicly disclosed