Prosecutors Seek Up to 50 Years for Bankman-Fried Over $8B Crypto Fraud Involving 1 Million Victims

Federal prosecutors recommended 40-50 year prison sentence for Sam Bankman-Fried due to $8B+ fraud involving 1M+ victims
Defense attorneys asked for 5-6 years, citing autism, charitable works, lack of criminal history
Prosecutors say Bankman-Fried was motivated by "unmatched greed and hubris", is unrepentant and tried to tamper with witnesses
Bankman-Fried illegally used FTX customer funds in 2021 to buy back stake from Binance, make $3B in investments
Convicted in November 2023, one year after CoinDesk article revealed ties between FTX and Alameda prompted downfall