
Sam Bankman-Fried (SBF), the former crypto mogul, is set to be sentenced on Thursday in Manhattan, facing a potential sentence of up to 110 years for his role in the collapse of FTX, during which he lost BILLIONS in customer #Bitcoin. Prosecutors are seeking a sentence of 40-50 years, while SBF's legal team is arguing for a significantly reduced sentence of 5 ½ to 6 ½ years, citing his autism spectrum disorder as a factor that makes him 'uniquely vulnerable'. The defense has submitted a final batch of letters pleading for leniency, including testimonials from an MIT classmate and discussions of SBF's character and behavior. The U.S. Department of Justice has submitted statements from 52 victims, and the market consensus hints at a possible 20-30 year sentence. Comparisons are being drawn to other high-profile financial crime sentences, such as Bernie Madoff's 150 years and Elizabeth Holmes' 11 years, sparking debate over the fairness of the potential outcome for SBF. The U.S. now reiterates a $1.7 Billion Loss Figure, and SBF's team argues that FTX customers will get their money back.

















.@SBF_FTX took part in one of the greatest financial crime sprees in history and his case and conviction didn't even cover millions in illegal campaign contributions and political corruption. #SBF #Crypto Today, he needs to be held accountable. https://t.co/SyDVDHRy0t
The judge presiding over Sam Bankman-Fried’s sentencing will have to decide whether he's a run-of-the-mill fraudster or a villain eclipsed only by Ponzi scheme mastermind Bernie Madoff. https://t.co/a8y4XfUczu
Today @SBF_FTX will be sentenced by a New York Court making clear the time he will spend in prison. Can go down memory lane to know what happened in The Bahamas since the collapse of @FTX_Official https://t.co/1K0gTLLrWc