Bankman-Fried Faces 115 Years in Prison: Trial Begins October 3rd

The highly anticipated trial of FTX founder Sam Bankman-Fried is about to begin. Fallen cryptocurrency “king” Sam Bankman-Fried faces a jail sentence of up to 115 years after being found guilty of financial fraud totalling $10billion (£8.2billion). FTX founder Sam Bankman-Fried's trial is all set to begin tomorrow, on Oct. 3, 2025 in a federal courtroom in Manhattan.

Sam Bankman-Fried, once hailed as a genius in cryptocurrency, was found guilty Thursday of all fraud counts against him, a year after his exchange, FTX, imploded and Bankman-Fried faces a maximum sentence of 115 years. He In total, Bankman-Fried faces up to 115 years in prison. He will remain incarcerated until his sentencing, fed said.

The legal proceedings are expected to be closely watched, with implications for the future of cryptocurrency regulation. While Bankman-Fried faces a maximum sentence of 115 years, some lawyers think that even if convicted, his actual jail time would be far less, because many of the charges are considered similar.

Stay tuned for updates as the trial unfolds. Sam Bankman-Fried rode a wave of hype about crypto, and now must answer for the consequences.