Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison after being found guilty on all seven counts related to fraud and money laundering. It’s a lengthy sentence, but it’s certainly shorter than the potential maximum of 110 years.

As a reminder, the DOJ’s 2022 indictment stated Bankman-Fried knowingly defrauded FTX customers by misusing their deposits to invest in other companies and pay off lenders and expenses. SBF’s sentencing marks the end of one of the most interesting sagas in crypto as the industry as a whole sees greater gains.

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