Sam "SBF" Bankman-Fried, associated with FTX and Alameda Research, has been sentenced to 25 years in prison, marking him as the first individual from these organisations to face incarceration following the exchange's collapse in November 2022.

The sentencing was handed down by Judge Lewis Kaplan of the United States District Court for the Southern District of New York, following SBF's conviction on seven felony charges.

The decision took into account several factors, including the crime's magnitude and findings that SBF lied on the witness stand and tampered with a witness.

Mark Bini, a former assistant U.S. Attorney for the Eastern District of New York, emphasised the seriousness of the sentence given the weight of the crimes.