In a significant development in the cryptocurrency world, FTX exchange founder Sam Bankman-Fried (SBF) has been sentenced to 25 years in prison for his involvement in criminal fraud activities that led to the collapse of FTX exchange. The sentencing comes after a Manhattan federal court found him guilty on seven counts, including wire/securities fraud, money laundering, and conspiracy. The collapse of FTX, triggered by an $8 billion deficit in its accounts, revealed SBF's mismanagement and reliance on illiquid assets. Despite maintaining his innocence, SBF's lack of remorse and deceptive conduct during the trial led to a severe sentence. In addition to the prison term, he has been ordered to pay $11 billion in restitution. This case serves as a warning to others in the crypto space and sets a precedent for future regulatory actions. #BinanceLaunchpool #NewsUpdated #newsdaily #write2earn….