FTX's Bankman-Fried Offers Crypto Tips to Guards While Awaiting Fraud Sentencing
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Sam Bankman-Fried has been giving crypto investing tips, like buying Solana, to guards at the Brooklyn jail where he awaits sentencing for FTX fraud.
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Bankman-Fried faces over 100 years in prison after being found guilty of fraud and money laundering related to the collapse of his crypto exchange FTX.
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His lawyers argue he deserves leniency because FTX had enough assets to repay customers, though prosecutors dispute this.
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Bankman-Fried is seeking 5-6 years in prison, while prosecutors recommend over 100 years based on billions in alleged customer losses.
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Bankman-Fried has been working on his case in jail ahead of his sentencing hearing on March 28th.