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Sam Bankman-Fried sentenced to 25 years in prison for orchestrating $8bn fraud – live

Former CEO of now-bankrupt FTX cryptocurrency exchange received 25 years in prison for masterminding the fraud that led to the collapse of FTX

Sam Bankman-Fried’s parents are in the courtroom to witness their son’s sentencing.

Joseph Bankman and Barbara Fried are both law professors at Stanford University, the former of tax law and the latter of legal ethics. Bankman-Fried said they were not involved in “any of the relevant parts” of FTX’s operation.

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