Sam Bankman-Fried will learn his sentence Thursday, four months after he was found guilty of orchestrating the multibillion-dollar fraud that prompted the collapse of the FTX cryptocurrency exchange. Bankman-Fried, 32, was convicted in November by a jury on each of the two counts of fraud and five counts of conspiracy he was facing. He has been jailed at the Metropolitan Detention Center facility in Brooklyn ever since, with his bail having been revoked over witness-tampering allegations.
In a 98-page filing pleading for leniency, they cited Bankman-Fried's mental health struggles, his purported selflessness in his personal life, and the safety risks he faces in prison. They also argued FTX victims did not end up suffering losses — a notion on which the exchange's current overseer, John Ray, has pushed back.
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