Joe Biden, along with Mitt Romney, Cory Booker, Paul Ryan and Nancy Pelosi, received about $5 million from Sam Bankman Fried.
Additionally, many other Democrats and Republicans received tens of millions of dollars in total, according to a 2017 opinion piece by Aditya Chakrabortty. protector.
Sam Bankman-Fried has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt company.
For the former billionaire, who had become a high-profile cryptocurrency advocate before his company’s dramatic collapse in 2022, the ruling cemented his downfall.
Before his failure, he had stolen billions of dollars from his customers.
Bankman-Fried’s conviction is expected to be appealed by his legal team.
A message from his parents was shared with British Broadcasting Corporation “We are heartbroken and will continue to fight for our son,” a representative for Bankman-Fried said.
The 32-year-old told the court earlier that he knew “a lot of people” were “really disappointed”.
“I’m sorry about it. I’m sorry about what happened at every stage,” he said quietly and clearly before handing down his sentence.
Before its demise, FTX was one of the largest cryptocurrency exchanges in the world, making Bankman-Fried a business celebrity and attracting millions of customers to buy and trade cryptocurrencies using the platform.
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