Crypto criminals who are spending their first New Year’s in prison
From Sam Bankman-Fried to the man responsible for hacking Bitfinex, many convicted felons are ringing in 2025 behind bars.
Though Bitcoin ended 2024 having reached an all-time high price of more than $100,000, the year also marked the end of criminal cases of many high-profile cryptocurrency industry leaders and scammers.
In its heyday, FTX was one of the most prominent cryptocurrency exchanges in the world, bringing in millions of users from dozens of countries. That changed in less than a week in November 2022 after the firm reported liquidity problems and was forced to declare bankruptcy.
After a lengthy extradition process from the Bahamas, former FTX CEO Sam “SBF” Bankman-Fried was moved to United States custody and initially released on bond. He was held in a correctional facility after a federal judge revoked his bail in August 2023, prior to his criminal trial, conviction and sentencing.
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Author: Turner Wright
