Prosecutors Seek 40-50 Year Prison Sentence for FTX Founder

📆 3/15/2024 10:22 PM
📰 CBSHealth

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Cryptocurrency News

FTX,Sam Bankman-Fried,Cryptocurrency

Federal prosecutors have asked a judge to sentence FTX founder Sam Bankman-Fried to 40-50 years in prison for cryptocurrency crimes. They describe his actions as a 'historic fraud' and claim he caused losses of at least $10 billion. Bankman-Fried is scheduled to be sentenced on March 28.

Federal prosecutors have requested a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried, who has been convicted of cryptocurrency crimes. Prosecutors describe his actions as a 'historic fraud' and claim that he caused losses of at least $10 billion to customers and investors.

Bankman-Fried, once a prominent figure in the cryptocurrency world, is scheduled to be sentenced on March 28.

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