Fallen 'Crypto King' Sam Bankman-Fried gets 25 years for fraud

Live from Rumble StudioSam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt firm.

The ruling cements the downfall of the former billionaire, who emerged as a high profile champion of crypto before his firm's dramatic collapse in 2022.

He was found to have stolen billions from customers ahead of the failure.

Bankman-Fried's legal team will appeal against his conviction.