Sam Bankman-Fried, ex-CEO of FTX, has been sentenced to 25 years in federal prison for a billion-dollar Ponzi scheme.

Despite expressing remorse and claiming no intention to harm, prosecutors had pushed for a harsher sentence of 40-50 years.

Convictions include fraud, conspiracy, and money laundering, with a possibility of early release for good behavior.

Proceeds from the sale of FTX's stake in a startup may provide restitution to defrauded customers.

Bankman-Fried's legal team is planning to appeal the verdict.

The case underscores the risks associated with cryptocurrency investments and the need for diligent research.