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Sam Bankman-Fried, the co-founder of FTX, is facing a potential prison sentence for orchestrating a fraud that led to the cryptocurrency exchange's downfall. His legal team has proposed a sentence ranging between 63 and 78 months to a federal judge, arguing that this would be an appropriate punishment for his conviction. Meanwhile, there are discussions within the crypto community about the fairness of the proposed sentence, with some users weighing in ahead of the sentencing memo. Additionally, an elaborate plot involving Bankman-Fried's parents, ex-colleagues, and a Trump lawyer has been revealed, aiming to avoid a 110-year sentence. Legal experts predict he could serve up to 30 years.
FTX co-founder Sam Bankman-Fried should serve no more than 6 1/2 years in prison for orchestrating the fraud that brought down the cryptocurrency exchange, his lawyers tell a federal judge https://t.co/yAEcZubjHo
FTX co-founder Sam Bankman-Fried should serve no more than 6 1/2 years in prison for orchestrating the fraud that brought down the cryptocurrency exchange, his lawyers tell a federal judge https://t.co/5K7XHCp9Jz
⚠️ SAM BANKMAN-FRIED SAYS 63-78 MONTHS SHOULD GUIDE SENTENCING FOR FTX FRAUD (Reuters) Lawyers for FTX founder Sam Bankman-Fried on Tuesday suggested to a U.S. judge that sentence ranging between 63 and 78 months would be an appropriate punishment for his conviction on charges… https://t.co/q45YApuhh3
