"FTX CEO Sam Bankman-Fried's Legal Battle Over 50-Year Sentence"
TL;DR Summary
Sam Bankman-Fried's lawyers argue against the proposed 40 to 50-year sentence, stating it portrays him as a "supervillain" and is excessively harsh. They advocate for a 5¼ to 6½-year imprisonment instead. Bankman-Fried was convicted of stealing $8 billion from FTX cryptocurrency exchange customers and faces a $11 billion forfeiture. Prosecutors allege he used the stolen funds for personal gain and political donations. The sentencing is set for March 28, and Bankman-Fried's side plans to appeal the conviction and sentence.
- Sam Bankman-Fried's lawyers say proposed 50-year sentence portrays him as 'supervillain' New York Post
- FTX's Sam Bankman-Fried Decries 50-Year Jail Sentence as Excessive Bloomberg
- FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray CoinDesk
- SBF's lawyers accuse prosecutors of casting him as a 'super-villain' Business Insider
- FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer The Associated Press
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