Posted 3/17/2024, 4:55:25 PM
Prosecutors Seek 40-50 Years for FTX's Bankman-Fried, Over $11 Billion in Fines After Crypto Exchange Collapse
- Prosecutors recommend 40-50 year prison sentence for Sam Bankman-Fried, FTX founder
- Also recommend over $11 billion in fines for Bankman-Fried
- Called it a "conservative sum" based on facts and law
- Bankman-Fried found guilty of defrauding investors, mishandling billions in customer funds
- Related to multi-billion dollar crypto exchange FTX collapse in November 2022
