Sam Bankman-Fried, the former CEO of FTX, is set to be sentenced this Thursday after his conviction in October for his role in the multibillion-dollar fraud that led to the collapse of the cryptocurrency exchange. Prosecutors are seeking a sentence of 40-50 years for Bankman-Fried, emphasizing the severity of his crimes and their impact on victims, while his defense has argued for a lighter sentence of 5-6 years, citing efforts to recover funds for the bankruptcy estate and personal character references, including that Bankman-Fried is a vegan, gentle, and concerned for animal welfare. The sentencing will cap a dramatic fall from grace for Bankman-Fried, who once stood at the forefront of the crypto industry, with a potential maximum sentence of 110 years.