Prosecutors Seek 40-50 Years for FTX Founder Bankman-Fried After $8 Billion Crypto Fraud Conviction

• Prosecutors recommend 40-50 year prison sentence for Sam Bankman-Fried • He was convicted on 7 counts of fraud and faces maximum 110 years • Bankman-Fried was founder of crypto firm FTX, which collapsed last year • He was convicted of stealing $8 billion from FTX customers • Sentencing hearing scheduled for March 28th; judge will decide ultimate sentence