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the Bay area native dubbed the former king of crypto is headed to prison for 25 years this morning a federal judge in New York sent ined Sam bankman freed following his conviction last November on fraud and conspiracy charges the 32-year-old siphoned billions in customer funds from his cryptocurrency exchange FTX to keep his privately controlled hedge fund afloat prosecutors sought a 50-year prison sentence while the defense asked for six years bankman freed is the son of two Stanford law professors and was born on the campus