Former FTX Executives Face Sentencing for Testimony Against Crypto Exchange Founder

The downfall of FTX, a prominent U.S. cryptocurrency exchange, made headlines in November 2022 when it filed for bankruptcy amidst allegations of financial wrongdoing. The company's founder, Sam Bankman-Fried, was at the center of the scandal, accused of masterminding a fraudulent scheme that resulted in the loss of $8 billion in customer funds. After a lengthy trial, Bankman-Fried was found guilty in March 2023 and sentenced to 25 years in prison, marking a significant milestone in one of the largest financial fraud cases in American history.