Sam Bankman-Fried, the former CEO of FTX, is set to be sentenced following his conviction on all 7 counts of fraud charges related to the collapse of the FTX cryptocurrency exchange and misusing $8-billion in customer funds. Bankman-Fried faces a maximum possible sentence of 110 years in prison, with prosecutors seeking a 40-50 year sentence and the defense arguing for a significantly lower sentence of 5-6 years, citing efforts to repay FTX customers and mental health concerns. The case has attracted widespread attention, with many viewing it as a pivotal moment in the regulation and oversight of the cryptocurrency industry. Bankman-Fried has expressed remorse for his actions, stating he is 'sorry about what happened at every stage.' The sentencing is scheduled to begin at 9:30 EST in downtown Manhattan.