The Independent
The former billionaire entrepreneur who founded the now-bankrupt cryptocurrency company FTX, will appear in a Manhattan federal court to be sentenced on several fraud and conspiracy charges. Just four months ago, a jury determined that Bankman-Fried, 32, had lied to FTX investors, lenders and customers and used their money to build himself up as the “King of Crypto”. Federal prosecutors have asked Judge Kaplan to sentence him to between 40 and 50 years. Bankman-Fried’s lawyers meanwhile have pushed back on that, saying no more than 6.5 years is appropriate given he is a non-violent first offender.