Bankman-Fried Faces Over 100 Years in Prison as Fraud Trial Over Collapsed Crypto Exchange FTX Begins

Sam Bankman-Fried faces over 100 years in prison if convicted of fraud and money laundering charges related to the collapse of his crypto exchange FTX.

His trial starts on Tuesday and is expected to last 6 weeks, with former FTX executives testifying against him.

Prosecutors allege Bankman-Fried misused billions in customer funds for personal purchases and donations.

The case focuses on alleged fraud rather than complex crypto investments.

The crypto industry has struggled after FTX's collapse, with trading volume and prices down significantly.