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OverviewAPI
Sam Bankman-Fried, a prominent figure in the crypto industry, receives a 25-year jail sentence and forfeits over US$11 billion for fraud and conspiracy linked to FTX's collapse. This ruling serves as a cautionary tale for fraudsters in finance, emphasizing the need for sectoral integrity. The industry, encompassing influential figures like CZ Zhao and Do Kwon, faces continued scrutiny and legal actions amidst unethical practices.

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