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The founder of FTX was sentenced in Manhattan federal court to 25 years in prison and ordered to forfeit more than $11bn, four months after a jury convicted him on seven counts of fraud and conspiracy over the theft of customer deposits from the cryptocurrency exchange.

A Manhattan federal jury acquitted Sean "Diddy" Combs of racketeering conspiracy and two sex trafficking counts but convicted him of two counts of transportation to engage in prostitution, each carrying up to 10 years.

Judge Arun Subramanian sentenced Sean "Diddy" Combs to 50 months in prison for two Mann Act prostitution-transportation counts, less than half the 135 months prosecutors sought.

In a 149-page opinion, Judge Lewis Liman held that USDOT unlawfully terminated the federal agreement behind Manhattan's congestion toll, and that any attempt to enforce Sean Duffy's letters ending it would be unlawful.